Asked by
Michaela Allemand
on Oct 19, 2024
Verified
Which of the following describes the percentage of the total labor force that has yet to find work?
A) the capacity utilization rate
B) the participation rate
C) the unemployment rate
D) the natural rate
Unemployment Rate
The percentage of the total labor force that is unemployed but actively seeking employment and willing to work.
Labor Force
The total number of people who are employed and unemployed but seeking work within an economy.
Participation Rate
The portion of earnings or benefits that an investor receives, often referring to the level of involvement in a profit-sharing arrangement or the extent to which individuals participate in a specific financial product or market.
- Acquire knowledge about the linkage between the money supply, interest rates, inflation, and economic activity.
Verified Answer
JR
Learning Objectives
- Acquire knowledge about the linkage between the money supply, interest rates, inflation, and economic activity.