When 100 people who were previously looking for jobs stop looking for jobs, the Select one: O a. unemployment rate does not change. b. size of the labor force decreases. c.labor-force participation rate does not change. d. unemployment rate increases.

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter7: Unemployment And Inflation
Section: Chapter Questions
Problem 12E
icon
Related questions
Question

Don't use Ai 

When 100 people who were previously looking for jobs stop looking for jobs, the
Select one:
O
a. unemployment rate does not change.
b. size of the labor force decreases.
c. labor-force participation rate does not change.
d. unemployment rate increases.
Transcribed Image Text:When 100 people who were previously looking for jobs stop looking for jobs, the Select one: O a. unemployment rate does not change. b. size of the labor force decreases. c. labor-force participation rate does not change. d. unemployment rate increases.
Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Unemployment
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Economics:
Economics:
Economics
ISBN:
9781285859460
Author:
BOYES, William
Publisher:
Cengage Learning
Brief Principles of Macroeconomics (MindTap Cours…
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Macroeconomics (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Economics
ISBN:
9781285165912
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning