Rick lost his job as a logistics and distribution coordinator nearly three years ago. After a long and failed search, Rick finally gives up and stops looking for a new job

Rick's decision to suspend his job search causes the unemployment rate to ________ and the labor force participation rate to ________. A) increase; decrease
B) decrease; decrease
C) stay the same; decrease
D) increase; stay the same
E) increase; increase


B

Economics

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What is precautionary saving? What might cause precautionary saving to increase or decrease if households have a desired level of wealth?

What will be an ideal response?

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