Macroeconomics (6th Edition)
Macroeconomics (6th Edition)
6th Edition
ISBN: 9780134106229
Author: R. Glenn Hubbard, Anthony Patrick O'Brien
Publisher: PEARSON
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Chapter 9, Problem 9.1.13PA

Sub part (a):

To determine

The given people will be counted as employed or unemployed.

Sub part (b):

To determine

The given people will be counted as employed or unemployed.

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Consider the following​ statements:   a. Fewer people are employed in Freedonia now than at any time in the past 75 years.   b. The unemployment rate in Freedonia is lower now than it has been in 75 years.Can both of these statements be true at the same​ time? A. ​Yes, these statements can be correct if more people are classified as​ "discouraged workers."B. ​No, these statements cannot be true since unemployment must increase as employment decreases.C. ​Yes, if the number of unemployed decreases more than the number of employed.D. ​Yes, both of these statements can be correct if labor productivity increases.
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Macroeconomics (6th Edition)

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