During a recession, many workers with part-time jobs wantfull-time jobs, but cannot find them. These workers are
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During a recession, many workers with part-time jobs wantfull-time jobs, but cannot find them. These workers are referred to as "underemployed." Does the existence of underemployment lead the unemployment rate to understate or overstate the problem of joblessness in the economy?
Related Book For
Money, Banking, and the Financial System
ISBN: 978-0134524061
3rd edition
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
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