Mike has been unemployed for over a year. He hasn't looked for a job in the last three months, but he's just started looking for work again. Because Mike started looking for a new job
A) the unemployment rate increased.
B) the labor force participation rate decreased.
C) the unemployment rate decreased.
D) the working-age population increased.
Answer: A
You might also like to view...
In the short run, a firm should shut down if its economic loss from operating exceeds its total fixed cost
a. True b. False Indicate whether the statement is true or false
The Keynesian perspective focuses on the demand-side of the economy;
What will be an ideal response?
When the money market is drawn with the value of money on the vertical axis, as the price level decreases the quantity of money
a. demanded increases. b. demanded decreases. c. supplied increases. d. supplied decreases.
“Rent seeking” describes the search and battle for opportunities to collect economic rents.
Answer the following statement true (T) or false (F)