The Okun relationship in the Philippines disappears when one uses underemployment rather than unemployment likely because: O a. the best measure of labor outcomes is instead labor underutilization (adding the ranks of unemployed and underemployed). O b. most of the poor can be found among the ranks of the underemployed. O c. during recessions or times of slow growth, people tend to shift from one bad job to a worse job. O d. there was a change in the definition of underemployment in 2005 that disrupted the series.

The Okun relationship in the Philippines disappears when one uses underemployment rather than unemployment likely because: O a. the best measure of labor outcomes is instead labor underutilization (adding the ranks of unemployed and underemployed). O b. most of the poor can be found among the ranks of the underemployed. O c. during recessions or times of slow growth, people tend to shift from one bad job to a worse job. O d. there was a change in the definition of underemployment in 2005 that disrupted the series.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter15: Poverty And Economic Inequality

Section: Chapter Questions

Problem 12SCQ: Which set of policies is more likely to cause a tradeoff between economic output and equality:...

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