True or false: A high participation rate in an economy implies a low unemployment rate. Explain.

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Principles of Economics

ISBN: 978-0073511405

5th edition

Authors: Robert Frank, Ben Bernanke

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Question Posted: Dec 12, 2015 04:35 AM

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True or false: A high participation rate in an economy implies a low unemployment rate. Explain.

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False The participation rate is equal to the labor force the sum of employed and unem...View the full answer

Principles of Economics

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