Multiple Choice
Which of the following factors might cause the unemployment rate to underestimate the true extent of unemployment?
A) Many people have a part-time as well as a full-time job.
B) Employees increase the number of hours they work overtime.
C) There are a large number of people working in the underground economy.
D) Many people become discouraged and cease looking for work.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: When the economy does NOT generate enough
Q2: What is the term for the category
Q3: Which of the following best describes the
Q4: How is the nominal rate of interest
Q6: What is the contractionary phase of the
Q7: What are the three major macroeconomic goals
Q8: What does the unemployment rate measure?<br>A)unemployed workers
Q9: Since 1976,what has happened to the labour
Q10: Why do economists believe that the CPI
Q11: In the period 1962-2010,how many major recessions