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

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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Question

Group of answer choices

increase; decrease

increase; increase

stay the same; stay the same

increase; stay the same

Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.

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