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Some people argue that the official unemployment rate understates true unemployment, while others argue that it could actually overstate true unemployment in cases. Explain each
Some people argue that the official unemployment rate understates true unemployment, while others argue that it could actually overstate true unemployment in cases. Explain each of these positions, giving some examples of what might cause the official rate to be either too high or too low. What should make any changes to how we calculate unemployment? If so, what would be propose?
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