20) Which of the following statements about unemployment is true? 39) The main d
ID: 1139777 • Letter: 2
Question
20) Which of the following statements about unemployment is true?
39) The main drawback of the chained consumer price index (CPI) compared to the traditional CPI is that the chained CPI
42)
The long-run inflation rate in the United States is about
48)
Typically life satisfaction:
49)
When output rises faster than the money supply, then prices must fall.
50)
Based on class discussion, if the money supply(M) is increasing faster than real GDP (Y), then the aggregate price level (P) must rise (assumes velocity is constant).
A person who is retired and not looking for a job is still considered unemployed.Explanation / Answer
20) The answer is C -) To be officially unemployed, a person has to be in the labor force.
because, unemployment does not count people who are not in labor force, student are not in labor force, retired people does not count in labor force. a person who is not working and in labor force . it is said to be unemployed.
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