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How would it affect the unemployment rate if the Bureau of Labor Statistics counted as unemployed both​ (1) discouraged workers and​ (2) people who work​ part-time but would prefer to work​ full-time?A.The annual unemployment rate would have been close to 50 percent in the last decade.B.The unemployment rate would decrease.C.The unemployment rate would increase.D.The unemployment rate would remain the same because those people are already counted as unemployed.

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c. An efficiency wageA.increases the unemployment rate since firms pay a​ higher-than-market wage that increases the quantity of labor supplied.B.has no impact whatsoever on the unemployment rate.C.decreases the unemployment rate since it increases the labor productivity.D.decreases the unemployment rate since firms pay a​ lower-than-market wage that decreases the quantity of labor supplied.

Suppose the amount the federal government collects in personal income taxes increases​,while the level of GDP remains the same. What will happen to the values of national​ income, personal​ income, and disposable personal​ income?

When the economy is at full​ employment, which types of unemployment​ remain?A.frictional and structuralB.cyclical and structuralC.frictional and cyclicalD.None of the above. Full employment means that there is no​ unemployment, so the unemployment rate would be zero.

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