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.

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.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter10: Unemployment

Section: Chapter Questions

Problem 1QR

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Question

When 100 people who were previously looking for jobs stop looking for jobs, the
Select one:
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.

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