Nation's Economic Pain Deepens The unemployment rate jumped to 5.5% in May 2008 from 5% in April 2008. This jump was the biggest one-month jump in unemployment since February 1986, and the 5.5% rate is the highest level seen since October 2004. Source: CNN, June 6, 2008 Why might the unemployment rate tend actually underestimate the unemployment problem, especially during a recession? The unemployment rate tends to actually underestimate the unemployment problem, especially during a recession because O A. the number of marginally attached workers increases, and these workers are included in the official unemployment rate O B. the number of part-time workers who want full-time jobs decreases O C. the number of marginally attached workers increases, but these workers are not included in the official unemployment rate O D. the number of discouraged workers increases, which increases the size of the labor force

Nation's Economic Pain Deepens The unemployment rate jumped to 5.5% in May 2008 from 5% in April 2008. This jump was the biggest one-month jump in unemployment since February 1986, and the 5.5% rate is the highest level seen since October 2004. Source: CNN, June 6, 2008 Why might the unemployment rate tend actually underestimate the unemployment problem, especially during a recession? The unemployment rate tends to actually underestimate the unemployment problem, especially during a recession because O A. the number of marginally attached workers increases, and these workers are included in the official unemployment rate O B. the number of part-time workers who want full-time jobs decreases O C. the number of marginally attached workers increases, but these workers are not included in the official unemployment rate O D. the number of discouraged workers increases, which increases the size of the labor force

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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