Which of the following statements is true?
A) The unemployment rate does not tell us anything about the duration of unemployment.
B) The duration of unemployment decreases during recessions.
C) The duration of unemployment increases during economic expansions.
D) The median duration of unemployment is usually greater than the average duration.
Correct Answer:
Verified
Q24: If the number of unemployed equals 240,000
Q25: When an economics professor quits his/her job
Q26: In the United States in 2015, the
Q27: Increasing the efficiency of various employment agencies
Q28: Discouraged workers are
A) considered cyclically unemployed.
B) considered
Q30: Classifying discouraged workers as unemployed would
A) increase
Q31: During recessions, the number of discouraged workers
Q32: If the labor force is 320,000 and
Q33: If the number of unemployed equals 30,000,
Q34: If the unemployment rate is 6.2% and
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