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Suppose the labor force is 15 million, the participation rate is 75% and unemployment is 10%. If the number of discouraged workers increases by 1
Suppose the labor force is 15 million, the participation rate is 75% and unemployment is 10%. If the number of discouraged workers increases by 1 million, then:
a) unemployment falls to 9%b) unemployment rises to 11% c) the participation rate falls to 70%d) the participation rate rises to 80%
Can you please show your work so I can follow how you calculated this answe
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