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.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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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