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If every employed worker in the economy retires, the labor force participation rate is _____________ A. 0% B. 100% C. You cannot calculate the labor
If every employed worker in the economy retires, the labor force participation rate is _____________
A. 0%
B. 100%
C. You cannot calculate the labor force participation rate in this case.
D. 0% assuming the unemployment rate is also 0%.
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