Economists use labor-market data to evaluate how well an economyr is using its most vaiuable resourceits people. Two closel'iur watched statistics are the unemployment rate and the employmentpopulation ratio (calculated as the percentage of the adult population that is employed). Indicate what happens to the unemployment rate and the empioymen tpopuiatr'on ratio in each of the fofiowing scenarios. Effect 0n... EmploymentPopulation Scenario Unemployment Rate Ratio A nancial rm goes bankrupt and lays off its workers, who immediately start V v working in other nancial rms. D After an unsuccessful seatch. some laidoff workers decide to go back to 513100! as ecreasas fulltime students. Increases As a result of an economic boom, rnamlr students drop out of schooi and start Stays the same working as soon as they become adults. A stock market crash leads to largesoate lav-offs of workers aged 55 and above. v v who decide to retire instead of looking for new jobs