5. If an economy has many discouraged workers, a. the unemployment rate will be high, and the...

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5. If an economy has many discouraged workers,

a. the unemployment rate will be high, and the employment-to-population ratio will be low.

b. the unemployment rate will be high, but the employment-to-population ratio will not be much affected.

c. the employment-to-population ratio will be low, but the unemployment rate will not be much affected.

d. neither the unemployment rate nor the employment-topopulation ratio will be much affected.

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Macroeconomics

ISBN: 9781319263904

11th Edition

Authors: N. Gregory Mankiw

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