Tony has just graduated from college and has now applied for a full time position where he is currently working part-time. This causes the unemployment rate to ________ and the labor-force participation rate to ________. Group of answer choices increase; decrease increase; increase stay the same; stay the same increase; stay the same

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter2: Scarcity And Opportunity Costs
Section: Chapter Questions
Problem 14E
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Tony has just graduated from college and has now applied for a full time position where he is currently working part-time. This causes the unemployment rate to ________ and the labor-force participation rate to ________.
Group of answer choices
increase; decrease
increase; increase
stay the same; stay the same
increase; stay the same
 
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