Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose that there are 2 million part-time workers and 10 million full-time workers in an economy. Then 400,000 of the part-time workers switch to full-time
Suppose that there are 2 million part-time workers and 10 million full-time workers in an economy. Then 400,000 of the part-time workers switch to full-time work. We can conclude that the:
A) official unemployment rate will fall
B) official unemployment rate will rise
C) official unemployment rate will remain unchanged
D) size of the labour force will increase
E) size of the labour force will decrease
Can you give explanation
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started