Suppose you are able-bodied and intelligent, but lazy. You'd rather sit at home and watch television than work, even though you know you could find an acceptable job if you looked. a. Are you officially unemployed? b. Are you a discouraged worker?

Suppose you are able-bodied and intelligent, but lazy. You'd rather sit at home and watch television than work, even though you know you could find an acceptable job if you looked. a. Are you officially unemployed? b. Are you a discouraged worker?

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment

Section: Chapter Questions

Problem 2WNG

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Question

Suppose you are able-bodied and intelligent, but lazy. You'd rather sit at home and watch television than work, even though you know you could find an acceptable job if you looked.

a. Are you officially unemployed?

b. Are you a discouraged worker?

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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Unemployment is a term referring to individuals who are employable and actively seeking a job but are unable to find a job.

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