Suppose the official unemployment rate is 10 percent. We can conclude without question that a. the same 10 percent of the people in the economy were out of work for the entire year.b. 1 out of every 10 people in the civilian labor force is currently unemployed.c. the same 10 percent of the people in the civilian labor force was out of work for the entire year.d. every person in the civilian labor force was out of work for 10 percent of the year.
Suppose the official unemployment rate is 10 percent. We can conclude without question that a. the same 10 percent of the people in the economy were out of work for the entire year.b. 1 out of every 10 people in the civilian labor force is currently unemployed.c. the same 10 percent of the people in the civilian labor force was out of work for the entire year.d. every person in the civilian labor force was out of work for 10 percent of the year.
Chapter6: Business Cycles And Unemployment
Section: Chapter Questions
Problem 19SQ
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Suppose the official
a. the same 10 percent of the people in the economy were out of work for the entire year.
b. 1 out of every 10 people in the civilian labor force is currently unemployed.
c. the same 10 percent of the people in the civilian labor force was out of work for the entire year.
d. every person in the civilian labor force was out of work for 10 percent of the year.
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