If Discouraged Workers Were Counted as Unemployed, Then as Output

question 161

Multiple Choice

If discouraged workers were counted as unemployed, then as output increased the unemployment rate would

• A) not change at all.
• B) fall by more than if discouraged workers are not counted as unemployed.
• C) fall by less than if discouraged workers are not counted as unemployed.
• D) increase by less than if discouraged workers are not counted as unemployed.

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Definitions:

Total Revenue

The entire amount of income received by a company from its sales of goods or services before any expenses are subtracted.

Marginal Cost Curve

A graphical representation showing how the cost of producing one more unit of a good varies as the volume of production increases.

Industry Supply Curve

A graphical representation showing the total quantity of a good or service that businesses in an industry are willing to sell at various price levels.

Marginal Cost Curve

A graphical representation showing how the cost of producing one additional unit of a good varies as the quantity of production increases.