For each of the following situations, explain how the labor force and the unemployment rate change. a)
Question:
For each of the following situations, explain how the labor force and the unemployment rate change.
a) An individual quits his or her job and does not look for a job anymore.
b) An individual who was not in the labor force now decides to look for a job.
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a An individual quits his or her job and does not look for a job anymore When an individual quits th...View the full answer
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