Explain Why Some Economists Argue That Counting Discouraged Workers as Unemployed

question 2

Essay

Explain why some economists argue that counting discouraged workers as unemployed gives a better picture of the unemployment situation. How would the magnitude of the unemployment rate change if discouraged workers were counted as unemployed?

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Definitions:

Overwhelm

A state of being overpowered by emotions, tasks, or information to the extent that it is difficult to cope or respond effectively.

Tit For Tat

A strategy in conflict situations where an individual responds to an action with a similar or equivalent action; often described in the context of reciprocal actions.

Reciprocates

To respond to an action or gesture with a similar one, often in the context of social interactions and relationships, illustrating mutual exchange.

Compete

The act of engaging in a contest or rivalry with others in order to achieve a specific goal or superiority.