If the unemployment rate drops, then it necessarily follows that some of the people who were once unemployed are now employed
Indicate whether the statement is true or false
False
You might also like to view...
Which of the following is TRUE?
A) For an inferior good, when income increases, the demand curve shifts leftward. B) The demand curve for a good shifts leftward when the price of a substitute rises. C) If consumers expect the price of a good will rise in the future, the demand curve shifts leftward. D) An increase in population shifts the demand curve for most goods leftward.
Refer to Table 1-2. What is Julius's marginal benefit if he decides to stay open for three hours instead of two hours?
A) $15 B) $25 C) $65 D) $80
An unemployment insurance program has which of the following effects?
A) It increases the amount of time spent searching for a job. B) It decreases the amount of personal income of the unemployed. C) It contributes to the severity of a recession or economic downturn. D) It lowers the overall unemployment rate.
That some talented people may not enter an occupation because they have heard that people with their personal characteristics do not get hired in that occupation is known as
A) economic discrimination. B) a negative feedback loop. C) a compensating difference. D) worker discrimination.