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Explain whether each of the following events increases, decreases, or has no effect on the unemployment rate and the labour force participation rate in Canada.
Explain whether each of the following events increases, decreases, or has no effect on the unemployment rate and the labour force participation rate in Canada. (1 mark each, total marks = 10) a) After a long search, Shaun gives up looking for a job and retires. b) Peter finds a job after a long search. c) Stephen finds a part-time job after a long search. d) Lilian graduates high school and starts to look for employment. e) Bruce fails to find a job and relocates to a different country. f) Jose, an electrical engineer in Sao Paulo, Brazil, is looking for a job in Canada. g) Maria becomes an adult but has no interest in working. h) Shaggy, a full-time university nursing student, graduates and immediately finds a job. i) James quits his full-time job and finds a part-time job. j) Luke finds a job that starts in 4 weeks' time
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