Holding all else constant, if workers who are currently discouraged decide to start looking for...
Question:
Holding all else constant, if workers who are currently discouraged decide to start looking for jobs again, you will see
a. an increase in the unemployment rate.
b. a decrease in the unemployment rate.
c. no effect on the unemployment rate.
d. no effect on the labor force participation rate.
e. a decrease in the labor force participation rate.
Unemployment:
Not everybody who isn't working is officially unemployed. In the United States, the government agency called the Bureau of Labor Statistics (BLS) sets the rules and keeps track of the data.
Answer and Explanation: 1
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What is Unemployment? - Definition, Causes & Effects
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Chapter 6 / Lesson 7
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Explore the concept of unemployment. Learn the definition of unemployment and understand its different effects, and discover the various reasons for unemployment.
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