Which of these scenarios would resultin an decrease of the unemploymentrate as well as an increase in the labourforce participation rate?OOSome working people decide toretire earlySome unemployed people decide tostop looking for a jobSome women come back to thelabor market after years of raisingthe kids at home and start lookingfor a jobSome full time, not workingstudents graduate from college and

This can be defined as a situation In which the person is actively finding a job and has have…

Answered: Which of these scenarios would result…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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during expansions. The rate of unemployment tends to during recessions and During prolonged recessions, it is difficult for workers to find a job and many workers become discouraged. Which of the following is a correct statement? O A. Discouraged workers are counted in the labor force and cause the participation rate to fall. B. Discouraged workers are counted in the labor force and cause the participation rate to rise. C. Discouraged workers are not counted in the labor force and cause the participation rate to fall. OD. Discouraged workers are not counted in the labor force and cause the participation rate to rise.
Suppose some country had an adult population of about 50 million, a labor-force participation rate of 65 percent, and an unemployment rate of 5 percent. How many people were employed? a. 1.5 million b. 28.5 million c. 30.9 million d. 47.5 million
6. "You mi ght as well say that the unemployment rate would be zero if everyone just quit looking for work." Explain what the author means by this.
Matt loses his job as a solar panel installer and cannot find another position with equivalent pay and benefits. As a result, he is still According to economists, which term best describes Matt? a. under employed O b. a discouraged worker O c. unemployed Od out of the labour force
Classify each of the below individuals as employed, unemployed, not in the labor force, or not in the adult, civilian, non-institutionalized population. A retiree who will work if a job becomes available but is not actively applying: employed unemployed not in the labor force not in the adult, civilian, non-institutionalized population An employee on temporary maternity/paternity leave: employedunemployednot in the labor forcenot in the adult, civilian, non-institutionalized population A student who has begun applying for jobs but has not yet found one: employed unemployed not in the labor forcenot in the adult, civilian, non-institutionalized population An actor who works part-time at a restaurant but is looking for full-time work: employed unemployed not in the labor forcenot in the adult, civilian, non-institutionalized population
In an expansionary phase (prosperity cycle) of the business cycle we would expect to see unemployment O fall, rise O rise, rise O fall, fall O rise, fall and output 34

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Which of these scenarios would result in an decrease of the unemployment rate as well as an increase in the labour force participation rate? O Some working people decide to retire early