the ______ population = 200 million, the labor= 160 million, and employment= 140 million c) Starting from the situation in (a), what would happen to the labor force participation rate if 30 million people lost their jobs and all of them exited the labor force? d) Starting from the situation in (a), what would happen to the labor force participation rate if employment rose from 140 million to 150 million?
the ______ population = 200 million, the labor= 160 million, and employment= 140 million c) Starting from the situation in (a), what would happen to the labor force participation rate if 30 million people lost their jobs and all of them exited the labor force? d) Starting from the situation in (a), what would happen to the labor force participation rate if employment rose from 140 million to 150 million?
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
Problem 1P
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the ______ population = 200 million, the labor= 160 million, and employment= 140 million
c) Starting from the situation in (a), what would happen to the labor force participation rate if 30 million people lost their jobs and all of them exited the labor force?
d) Starting from the situation in (a), what would happen to the labor force participation rate if employment rose from 140 million to 150 million?
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