Nation's Economic Pain Deepens The unemployment rate jumped to 5.5% in May 2008 from 5% in April 2008. This jump was the biggest one-month jump in unemployment since February 1986, and the 5.5% rate is the highest level seen since October 2004. Source: CNN, June 6, 2008 Why might the unemployment rate tend actually underestimate the unemployment problem, especially during a recession? The unemployment rate tends to actually underestimate the unemployment problem, especially during a recession because O A. the number of marginally attached workers increases, and these workers are included in the official unemployment rate O B. the number of part-time workers who want full-time jobs decreases O C. the number of marginally attached workers increases, but these workers are not included in the official unemployment rate O D. the number of discouraged workers increases, which increases the size of the labor force
Nation's Economic Pain Deepens The unemployment rate jumped to 5.5% in May 2008 from 5% in April 2008. This jump was the biggest one-month jump in unemployment since February 1986, and the 5.5% rate is the highest level seen since October 2004. Source: CNN, June 6, 2008 Why might the unemployment rate tend actually underestimate the unemployment problem, especially during a recession? The unemployment rate tends to actually underestimate the unemployment problem, especially during a recession because O A. the number of marginally attached workers increases, and these workers are included in the official unemployment rate O B. the number of part-time workers who want full-time jobs decreases O C. the number of marginally attached workers increases, but these workers are not included in the official unemployment rate O D. the number of discouraged workers increases, which increases the size of the labor force
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter10: Unemployment
Section: Chapter Questions
Problem 2PA
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax