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:

Long-term Memory

The phase of the memory system that is capable of storing large amounts of information for potentially unlimited duration.

Retrieval Failure

A failure in memory that occurs when information cannot be recalled from long-term storage.

Access Information

The ability or right to obtain or make use of data or resources.

Ebbinghaus Forgetting Curve

A model depicting the decrease in the ability to recall information over time, suggesting that memory fades rapidly initially, then levels off.