Based on the data in the previous problem, what happens (up or down) to each of the

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Based on the data in the previous problem, what happens (“up” or “down”) to each of the following numbers in Year 2 when 1 million jobseekers become “discouraged workers”?

(a) Number of unemployed persons.

(b) Unemployment rate.

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The Macro Economy Today

ISBN: 978-1259291821

14th edition

Authors: Bradley R. Schiller, Karen Gebhardt

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Question Posted: May 03, 2018 08:43 AM

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Based on the data in the previous problem, what happens (up or down) to each of the

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a Down b Down c No change Feedback a Down When the jobseekers ...View the full answer

The Macro Economy Today

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