Which of the following statements is true?

Question

Quizplus · Accepted Answer

When the number of unemployed people falls and the number of people in the labor force (those who are both employed and actively seeking employment) rises, the unemployment rate decreases. This is because there are more people with jobs and fewer people looking for work, which lowers the percentage of people who are unemployed.

B) This is false, as liberals and conservatives may have different views on the accuracy of the official unemployment rate, but it is not universally agreed upon that it is too low.

C) This statement is generally true because when young people participate in the labor force by seeking employment, they are counted as unemployed if they are unable to find work. However, their participation in the labor force can also create new job opportunities, which can reduce overall unemployment rates.

D) This statement is false, as the unemployment rate for black Americans has historically been higher than that for white Americans, although the gap has narrowed somewhat in recent years.

E) This is false, as statement B is incorrect.

Which of the Following Statements Is True