Some keynesian economists criticize official unemployment, Ask an Expert

Economics

Q. Some Keynesian economists criticize official unemployment statistics for understating extent of joblessness in United States. Which of following statements represent short comings of official unemployment rate reported by Bureau of Labour Statistics each month?

I. Discouraged workers are not considered unemployed.

II. People who work part time but want to be working full time are considered employed.

III. Retirees are not included in labour force.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9294404

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