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Posted on Jun 22, 2024

Suppose that everyone who has looked for a job for more than six months gave up in despair and stopped looking. What would happen to

Suppose that everyone who has looked for a job for more than six months gave up in despair and stopped looking. What would happen to the unemployment rate?

It would increase.

It would fall.

It would not change.

It would change, but the effect cannot be predicted.

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