All else equal, if an employed worker retires from their job: O The unemployment rate rises and the labour force participation rate rises O The unemployment rate falls and the labour force participation rate falls O The unemployment rate rises and the labour force participation rate falls O Not enough information to answer the question O The unemployment rate falls and the labour force participation rate rises
All else equal, if an employed worker retires from their job: O The unemployment rate rises and the labour force participation rate rises O The unemployment rate falls and the labour force participation rate falls O The unemployment rate rises and the labour force participation rate falls O Not enough information to answer the question O The unemployment rate falls and the labour force participation rate rises
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
Problem 2P
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![All else equal, if an employed worker retires from their job:
O The unemployment rate rises and the labour force participation rate rises
O The unemployment rate falls and the labour force participation rate falls
O The unemployment rate rises and the labour force participation rate falls
O Not enough information to answer the question
O The unemployment rate falls and the labour force participation rate rises](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6ca2acdf-d9fc-4041-bc03-1a07a3d05848%2F26ef8000-bebd-4e68-a29f-c3e98cb74d00%2Fb9ume4p_processed.jpeg&w=3840&q=75)
Transcribed Image Text:All else equal, if an employed worker retires from their job:
O The unemployment rate rises and the labour force participation rate rises
O The unemployment rate falls and the labour force participation rate falls
O The unemployment rate rises and the labour force participation rate falls
O Not enough information to answer the question
O The unemployment rate falls and the labour force participation rate rises
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