Answer the following statements true (T) or false (F)

1. An increase in the number of inexperienced workers in the labor force is likely to increase the unemployment rate relative to the level of output.
2. The total labor force includes all persons in the non institutional population who are either working or seeking work.
3. Much of the unemployment associated with recessions is cyclical in nature.
4. Frictional unemployment is caused primarily by automation.
5. Underemployment includes employed workers not performing at full capacity.



1. TRUE
2. FALSE
3. TRUE
4. FALSE
5. TRUE

Economics

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