Which of the Following Cause the Unemployment Rate as Measured

question 180

Multiple Choice

Which of the following cause the unemployment rate as measured by the Bureau of Labor Statistics to overstate the true extent of joblessness?

• A)inflation
• B)discouraged workers
• C)counting people as employed who are working part time,although they would prefer to be working full time
• D)unemployed persons falsely report themselves to be actively looking for a job

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Definitions:

Supply Curve

A graphical representation of the relationship between the price of a good and the quantity supplied.

Quantity Supplied

Refers to the amount of a certain good or service that producers are willing and able to sell at a given price.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level in a market.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price within a specific time period.