Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 12 Suppose that a large number of people who used to work or seek work no longer do either. Other things the same, this

QUESTION 12

Suppose that a large number of people who used to work or seek work no longer do either. Other things the same, this makes

a.the number of people unemployed rise but does not change the labor force.

b.both the number of people unemployed and in the labor force fall.

c.the number of people unemployed rise but makes the labor force fall.

d.the number of people unemployed fall but does not change the labor force.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Econometric Analysis

Authors: William H. Greene

5th Edition

130661899, 978-0130661890

More Books

Students also viewed these Economics questions

Question

LO2.2 List the main characteristics of the market system.

Answered: 1 week ago

Question

LO2.5 Describe the mechanics of the circular flow model.

Answered: 1 week ago