What are the two conditions that have to be met to be considered as unemployed? a. The person is jobless and has no college degree b. The person is jobless and is looking for a job c. The person is jobless and does not have formal education d. The person is jobless and over 21 years old

What are the two conditions that have to be met to be considered as unemployed? a. The person is jobless and has no college degree b. The person is jobless and is looking for a job c. The person is jobless and does not have formal education d. The person is jobless and over 21 years old

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 6P

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Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.

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