Question

Because of the dynamics of the workforce, for example, whether workers become discouraged when there are...

Because of the dynamics of the workforce, for example, whether workers become discouraged when there are changes in the economy:

a.

the unemployment rate is not necessarily an accurate gauge of the labor market

b.

the unemployment rate is a precise gauge of the labor market

c.

one should only consider the employment population ratio rather than the unemployment rate

d.

at times the labor demand curve is upward sloping

e.

None of these answers are correct.

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Answer #1

Answer

Option a

the unemployment rate is not necessarily an accurate gauge of the labor market

A labor market depends on many determinants not only unemployment rate but inflation and economic growth so the one side of the coin can not give full information about the labor market.

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