7 25 pts possbieHow would it affect the unemployment rate if the Bureau of Labor Statistics counted as unemployed both (1) dacouraged workers and 2) people wte wor parnme but wot preter t w meOA The unemployment rate would remain the same because those people are aready counted as unemloyedB. The unemployment rate would decreaseOC. The annual unemployment rate would have been close to 50 percent inD. The unemployment rate would increase

Workers who want to work and looking for work but unable to find job, are known as unemployed…

Answered: How would itaffect the unemployment…

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 41CTQ: Unemployment rates have been higher in many European countries in recent decades than in the United...

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Similar questions

What has been a typical range of inflation in the U.S. economy in the last decade or so?
Unemployment rates have been higher in many European countries in recent decades than in the United States. Is the main reason for this long-term difference in unemployment rates more likely to be cyclical unemployment or the natural rate of unemployment? Explain briefly.
Inflation rates, like most statistics, are imperfect measures. Can you identify some ways that the inflation rate for fruit does not perfectly capture the rising price of fruit?
Over the last century, during what periods was the U.S. inflation late highest and lowest?
Are U.S. unemployment rates distributed evenly across the population?
Whose unemployment rates are commonly higher in the U.S. economy: Whites or nonwhites? The young or the middle-aged? College graduates or high school graduates?
If you an? out of school but working part time, are you considered employed or unemployed in U.S. labor statistics? If you are a full time student and working 12 hours a week at the college cafeteria are you considered employed or not in the labor force? If you are a senior citizen who is collecting social security and a pension and working as a greater at Wal-Mart are you considered employed or not in the labor force?
While unemployment is highly negatively correlated with the level of economic activity, in the real world it responds with a lag. In other wands, firms do not immediately lay off workers in response to a sales decline. They wait a while before responding. Similarly, firms do not immediately hire workers when sales pick up. What do you think accounts for the lag in response time?
Is it desirable to eliminate natural unemployment? Why or why not? Hint: Think about what our economy would look like today and what assumptions would have to be met to have a zero rate of natural unemployment.
What is the difference between the price level and the tale of inflation?
A fixed-rate mortgage has the same interest rate over the life of the loan, whether the mortgage is for 15 or 30 years. By contrast, an adjustable-rate mortgage changes with market interest rates over the life of the mortgage. If inflation falls unexpectedly by 3, what would likely happen to a homeowner with an adjustable-rate mortgage?
Many college students graduate from college before they have found a job. When graduates begin to look for a job, they are counted as what category of unemployed?

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