In 1994, the Bureau of Labor Statistics started to report
A) the unemployment rate weekly to provide a better picture of the labor market.
B) alternative measures of the unemployment rate that include narrower measures of the labor market.
C) alternative measures of the unemployment rate that include broader measures of the labor market.
D) the unemployment rate by surveying 200,000 households.
E) B and C are correct answers.
E
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The amount of a good sold in a market at a particular price cannot exceed the quantity
A. demanded at that price. B. supplied at that price. C. sold when there is a price floor. D. sold when there is a price ceiling.
The owner of a network will always want to be compatible with other networks in order to take advantage of network economies
Indicate whether the statement is true or false
Income elasticity will be positive for:
A. all normal goods. B. all inferior goods. C. only necessities. D. only luxury goods with substitutes.
An increase in government expenditures by $100 (unmatched by an increase in taxes) would, if the MPC = 0.9, result in an increase in national income by
a. $1,000 b. $9,000 c. $900 d. $190 e. inadequate information is given