Counting Part-Time Workers Who Are Looking for Full-Time Work as Employed

question 8

True/False

Counting part-time workers who are looking for full-time work as employed overstates the degree of joblessness in the economy.

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Definitions:

Decades

Periods of ten years, used as a measure of time to describe longer trends in history, economics, or demography.

Cyclical Unemployment

This refers to unemployment that occurs due to fluctuations in the economy, often increasing during a recession and decreasing during an economic expansion.

Unemployment Rate

The fraction of the working population that is not employed and is on the lookout for work.

Recovery

The phase of the business cycle in which economic activity picks up and the economy begins to grow after a recession.