Which of the following statements correctly differentiates between unemployed workers and discouraged workers?
A) Unemployed workers refer to the skilled workers who have been laid off, while discouraged workers refer to the unskilled workers who have lost their jobs.
B) Unemployed workers are counted in the labor force, but discouraged workers are excluded from the labor force.
C) Unemployed workers do not have a paid job, while discouraged workers have a paid job.
D) The unemployment benefits received by unemployed workers are not capped, while the unemployment benefits received by discouraged workers are capped at a maximum.
Question 2
Excess demand in an unregulated market will cause the price of a product to fall.
Indicate whether the statement is true or false
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How to convert verbal statements into algebraic equations (Part 1)