Explain whether each of the following events increases,decreases, or has no effect on the unemployment rateand the labor-force participation rate.a. After a long search, Jon finds a job.b. Tyrion, a full-time college student, graduates andis immediately employed.c. After an unsuccessful job search, Arya gives uplooking and retires.d. Daenerys quits her job to become a stay-at-homemom.e. Sansa has a birthday, becomes an adult, but has nointerest in working.f. Jaime has a birthday, becomes an adult, and startslooking for a job.
Explain whether each of the following events increases,decreases, or has no effect on the unemployment rateand the labor-force participation rate.a. After a long search, Jon finds a job.b. Tyrion, a full-time college student, graduates andis immediately employed.c. After an unsuccessful job search, Arya gives uplooking and retires.d. Daenerys quits her job to become a stay-at-homemom.e. Sansa has a birthday, becomes an adult, but has nointerest in working.f. Jaime has a birthday, becomes an adult, and startslooking for a job.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Explain whether each of the following events increases,
decreases, or has no effect on the
and the labor-force participation rate.
a. After a long search, Jon finds a job.
b. Tyrion, a full-time college student, graduates and
is immediately employed.
c. After an unsuccessful job search, Arya gives up
looking and retires.
d. Daenerys quits her job to become a stay-at-home
mom.
e. Sansa has a birthday, becomes an adult, but has no
interest in working.
f. Jaime has a birthday, becomes an adult, and starts
looking for a job.
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