Which of the following statements is true? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a A discouraged worker is not counted as part of the labor force and therefore is not considered unemployed. b At full employment, structural unemployment has been eliminated, but frictional unemployment exists. To be considered unemployed, a person must not be working, be available for work, and be eligible for unemployment insurance benefits. When people claim to be employed but are actually unemployed, the official unemployment rate overstates the true unemployment problem.

Which of the following statements is true? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a A discouraged worker is not counted as part of the labor force and therefore is not considered unemployed. b At full employment, structural unemployment has been eliminated, but frictional unemployment exists. To be considered unemployed, a person must not be working, be available for work, and be eligible for unemployment insurance benefits. When people claim to be employed but are actually unemployed, the official unemployment rate overstates the true unemployment problem.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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