Does the unemployment rate become better or worse indicator/Microeconomics
The goal of studying and recording the unemployment rate is to learn something about the state of the economy. Explain why each of the following makes the unemployment rate a better or worse indicator of how healthy the economy is.
A. If people in the military aren’t included in the labor force, does the unemployment rate become a better or worse indicator of the state of the economy?
B. If discouraged workers aren’t counted in the labor force, does the unemployment rate become a better or worse indicator of the state of the economy?
C. If part-time workers are treated exactly like full-time workers, does the unemployment rate become a better or worse indicator of the state of the economy?
