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Explain how the Bureau of Labor Statistics determines who is unemployed and how the unemployment rate is calculated. How might the growth of the number of discouraged workers be reflected in the unemployment rate? How might the unemployment rate be impacted by the encouraged worker effect? Explain why the unemployment rate might increase even though 200,000 additional people were hired during the reporting month? Be sure to define your terms as appropriate.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91867186

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