One Misconception That People Often Have About Unemployment Is That

question 125

Multiple Choice

One misconception that people often have about unemployment is that

• A) unemployment is a macroeconomic topic.
• B) unemployment is important to the economy.
• C) as a nation,we should aim for zero unemployment.
• D) the unemployment rate does not tell the whole story about the employment situation.
• E) discouraged workers are not included in the official unemployment rate.

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Definitions:

Correctness

The quality or state of being free from errors, inaccuracies, or faults.

Milton Friedman

An American economist known for his strong belief in free-market capitalism and for being a leading proponent of the efficiency of markets and the reduction of government intervention.

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The responsibility or duty of an individual or organization to act in the best interests of society at large, often beyond legal requirements.

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Individuals or entities that own one or more shares of stock in a corporation, thus having a financial interest in the company's performance.