The decline in the measured unemployment rate that results when people who want to work, but who cannot find work, drop out of the ranks of the unemployed and the labor force is the
A. disguised unemployment effect.
B. discouraged-worker effect.
C. leisure-preference effect.
D. surplus labor effect.
Answer: B
You might also like to view...
The law of supply reflects the negative relationship between the price of a good or service and the quantity of that good or service that sellers are willing to offer for sale
Indicate whether the statement is true or false
If the reserves in U.S. banks totaled $8,000 and total deposits were $100,000, the banking system's reserve ratio would be:
A. 0.08. B. 0.10. C. 0.92 D. 0.80
The value of R2 always _____.
A. lies below 0 B. lies above 1 C. lies between 0 and 1 D. lies between 1 and 1.5
The equilibrium price in a market is found where
A. The market demand curve intersects the y-axis. B. The market supply curve intersects the market demand curve. C. The market supply curve intersects the y-axis. D. The market supply curve intersects the x-axis.