The unemployment rate may underestimate the true extent of unemployment if: Select one: a. many people...
The unemployment rate may underestimate the true extent of unemployment if:
Select one:
a. many people work in the underground economy.
b. employees increase the number of hours they work overtime.
c. many people become discouraged and cease looking for work.
d. many people have a part time as well as a full time job.
Homework Answers
Answer
Option c
many people become discouraged and cease looking for work.
the discouraged workers are not part of the labor force and unemployment as per the definition but these workers like to and wanted to work but do not find a job so these workers are not counted in the unemployment rate so that the unemployment rate may underestimate the true extent of unemployment
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