The unemployment rate may underestimate the true extent of unemployment if:
A. many people have a part time as well as a full time job.
B. there are a large number of people working in the underground economy.
C. many people become discouraged and cease looking for work.
D. employees increase the number of hours they work overtime.
Answer:C
The unemployment rate may underestimate the true extent of unemployment if:
A. many people have a part time as well as a full time job. B. there are a large number of people working in the underground economy. C. many people become discouraged and cease looking for work. D. employees increase the number of hours they work overtime.
Explanation: Type: Multiple Choice