Assume that 2 million individuals enter the labor force this month and all of them find jobs. This increase in the labor force will cause the unemployment rate to:
Assume that 2 million individuals enter the labor force this month and all of them find jobs. This increase in the labor force will cause the unemployment rate to:
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question 17

Transcribed Image Text:Assume that 2 million individuals enter the labor force this month and all of them find jobs. This
increase in the labor force will cause the unemployment rate to:
O decrease.
increase only if the number of new employees is greater than the number of unemployed
O change, but without more information, it is impossible to determine how it will change.
increase in all instances.
O remain the same.
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