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Famwam Famwam
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5 years ago

Question 1.

If the employment rate is 93%, then the unemployment rate is



▸ 7%.

▸ 13%.

▸ 97%.

▸ unknown based on the information given.

Question 2.

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



▸ leisure-preference effect.

▸ discouraged-worker effect.

▸ surplus labor effect.

▸ disguised unemployment effect.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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Va97001Va97001
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5 years ago
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