Scenario 1. Assume that frictional unemployment is 25; structural unemployment is 50; cyclical unemployment is 150; discouraged workers = 75; employed workers = 750; underemployed workers = 200. Use this information to answer the following 5 questions. Refer to Scenario 1. What happens to the unemployment rate if discouraged workers were included in the labor force? Question 16 options: a) The unemployment rate would decrease b) The unemployment rate could either increase or decrease c) Nothing, as discouraged workers are counted as unemployed. d) The unemployment rate would increase
Scenario 1. Assume that frictional unemployment is 25; structural unemployment is 50; cyclical unemployment is 150; discouraged workers = 75; employed workers = 750; underemployed workers = 200. Use this information to answer the following 5 questions. Refer to Scenario 1. What happens to the unemployment rate if discouraged workers were included in the labor force? Question 16 options: a) The unemployment rate would decrease b) The unemployment rate could either increase or decrease c) Nothing, as discouraged workers are counted as unemployed. d) The unemployment rate would increase
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Scenario 1.
Assume that frictionalunemployment is 25; structural unemployment is 50; cyclical unemployment is 150; discouraged workers = 75; employed workers = 750; underemployed workers = 200.
Use this information to answer the following 5 questions.
Refer to Scenario 1. What happens to the unemployment rate if discouraged workers were included in the labor force?
Assume that frictional
Use this information to answer the following 5 questions.
Refer to Scenario 1. What happens to the unemployment rate if discouraged workers were included in the labor force?
Question 16 options:
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