The unemployment rate will decrease when:
A. the duration of unemployment increases
B. the average workweek decreases from 40 to 39 hours
C. the age of the labor force increases
D. people get discouraged and quit looking for work
E. none of the above
The term workweek refers to the number of hours devoted by any worker in any organization in a week. The workweek varies from one company to the other and widely depends on the type of work and the companies' services.
Answer and Explanation: 1
The correct option is D): people get discouraged and quit looking for work.
Reason: The unemployment rate basically refers to the number of workers...
See full answer below.
Become a member and unlock all Study Answers
Start today. Try it nowCreate an account
Ask a question
Our experts can answer your tough homework and study questions.Ask a question Ask a question
Learn more about this topic:
fromChapter 6 / Lesson 2
Unemployment rates are an important indicator of the economy. This lesson will explore what defines unemployment, why unemployment rates change, the way unemployment is calculated, and look at the three types of unemployment.