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Suppose that the government altered the computation of the unemployment rate by including people in...

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Question

Accounting

Suppose that the government altered the computation of the unemployment rate by including people in the military as part of the labor force.

a. How would this affect the actual unemployment rate?

increase/decrease/ remain the same?

Part 2

b. How would such a change affect estimates of the natural rate of unemployment?

Increase / decrease / remain the same

Part 3

c. If this computational change were made, would it in any way affect the logic of the short-run and long-run Phillips curve analysis and its implications for policymaking?

yes/no

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