Which of the following is a limitation of the unemployment rate?O a. It does not account for workers that become discouraged and stop looking for a job.Ob. It fails to reflect underemployment.Oc it does not account for frictional unemployment.O d. Both (a) and (b) are correct.

Option (d) that is Both (a) and (b) is the limitation of the unemployment rate that is, (a) It…

Which of the following is a limitation of the unemployment rate? O a. It does not account for workers that become discouraged and stop looking for a job. Ob. It falls to reflect underemployment. Oc t does not account for frictional unemployment. O d. Both (a) and (b) are correct.

Which of the following is a limitation of the unemployment rate? O a. It does not account for workers that become discouraged and stop looking for a job. Ob. It falls to reflect underemployment. Oc t does not account for frictional unemployment. O d. Both (a) and (b) are correct.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 43CTQ: Is it desirable to eliminate natural unemployment? Why or why not? Hint: Think about what our...

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Question

Which of the following is a limitation of the unemployment rate?
O a. It does not account for workers that become discouraged and stop looking for a job.
Ob. It fails to reflect underemployment.
Oc it does not account for frictional unemployment.
O d. Both (a) and (b) are correct.

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