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Use the figure below to answer the following questions. Figure 5.3.2
-Refer to Figure 5.3.2.If the level of output is 150 units,the consumer surplus is area
Reported Unemployment Rate
The proportion of the labor force that is jobless and actively seeking employment, officially announced or published by government agencies.
Very Long-Term Unemployed
Individuals who have been out of work and seeking employment for an extended period, typically longer than one year.
Discouraged Workers
Individuals who are not actively seeking employment due to a belief that no jobs are available for them or there are no suitable jobs.
Labor-Force Participation Rates
The percentage of the working-age population that is actively engaged in the labor market, either employed or actively seeking employment.
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