The government office that declares official periods of recession and depression is the:

For the majority of the U.S. population ________

A) consumption is driven solely by current income B) consumption smoothing is possible C) a change in lifetime resources will not change current consumption D) a change in lifetime resources will not change future consumption

Why might it be wrong to include self-proclaimed discouraged workers in calculations of the unemployment rate?

A. By definition, discouraged workers are only temporarily laid-off, and they will return to a job shortly. B. Discouraged workers receive federal assistance. C. Discouraged workers are already included in official unemployment statistics as long as no one else in their household is working. D. Discouraged workers likely have a job but are discouraged only because they would like a better-paying job. E. Some discouraged workers are taking advantage of a low-wage period to consume large amounts of leisure.