Indicate what happens to the unemployment rate and the labor-force participation rate in each of the following scenarios. Scenario After an unsuccessful job search, Charles gives up looking and retires. Dina, a stay-at-home mom, starts looking for a job as her kid enters elementary school Gilberto has a birthday, becomes an adult, and starts looking for a job. Juanita dies while enjoying retirement. Unemployment Rate Effect On... Labor-Force Participation Rate

Indicate what happens to the unemployment rate and the labor-force participation rate in each of the following scenarios. Scenario After an unsuccessful job search, Charles gives up looking and retires. Dina, a stay-at-home mom, starts looking for a job as her kid enters elementary school Gilberto has a birthday, becomes an adult, and starts looking for a job. Juanita dies while enjoying retirement. Unemployment Rate Effect On... Labor-Force Participation Rate

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter20: Unemployment

Section: Chapter Questions

Problem 1QR

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Indicate what happens to the unemployment rate and the labor-force participation rate in each of the following scenarios.
Scenario
After an unsuccessful job search, Charles gives up looking and retires.
Dina, a stay-at-home mom, starts looking for a job as her kid enters elementary
school
Gilberto has a birthday, becomes an adult, and starts looking for a job.
Juanita dies while enjoying retirement.
Unemployment Rate
Effect On...
Labor-Force Participation
Rate

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