Question
If there are discouraged workers: they are included in the official count of the unemployed. the unemployment rate will tend to overstate the true level
If there are discouraged workers:
they are included in the official count of the unemployed.
the unemployment rate will tend to overstate the true level of unemployment.
the unemployment rate will tend to understate the true level of unemployment.
they are considered part of the labor force.
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Mostly Harmless Econometrics An Empiricist's Companion
Authors: Joshua Angrist
1st Edition
1400829828, 9781400829828
