Consider the following scenarios and explain for each what the effect is on the official unemployment rate.
Question:
Consider the following scenarios and explain for each what the effect is on the official unemployment rate.
a. Unemployed people become discouraged and stop searching for work.
b. Previously unemployed people find part-time jobs, even though they need full-time work.
c. Formerly discouraged workers find work.
d. People who were previously discouraged workers begin looking for work again.
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a Unemployed people becoming discouraged and stopping their job search would actually cause a declin...View the full answer
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Related Book For 
Principles Of Economics
ISBN: 9781319330156,9781319419769
2nd Edition
Authors: Betsey Stevenson, Justin Wolfers
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