Based on the data in the previous problem, what happens (up or down) to each of the
Question:
Based on the data in the previous problem, what happens (“up” or “down”) to each of the following numbers in Year 2 when 1 million jobseekers become “discouraged workers”?
(a) Number of unemployed persons.
(b) Unemployment rate.
(c) Employment rate.
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a Down b Down c No change Feedback a Down When the jobseekers ...View the full answer
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Related Book For
The Macro Economy Today
ISBN: 978-1259291821
14th edition
Authors: Bradley R. Schiller, Karen Gebhardt
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