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Suppose the labor force is 15 million, the participation rate is 75% and unemployment rate is 10%. If the number of discouraged workers increases by
Suppose the labor force is 15 million, the participation rate
is 75% and unemployment rate 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%
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