Explain how the labor force participation rate, the unemployment rate, and the percentage of the labor force employed part time change in a recession

What will be an ideal response?


The labor force participation rate tends to decrease during a recession as more workers become discouraged. The unemployment rate increases during a recession because there are fewer jobs. The percentage of the labor force employed part time tends to increase during a recession as part-time workers for economic reasons increase.

Economics

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A decline in the output gap causes the demand for real balances

A) to rise and the interest rate to fall. B) to fall and the interest rate to rise. C) and the interest rate to fall. D) and the interest rate to rise.

Economics

What is the difference between seasonal unemployment and structural unemployment?

What will be an ideal response?

Economics

The average tax rate is calculated in the following manner:

A. Taxes Paid/Taxable Income. B. Taxable Income/Taxes Paid. C. Additional Taxes Paid/Additional Taxable Income. D. Additional Taxable Income/Additional Taxes Paid.

Economics

Explain the perspective that tougher enforcement of drug laws for cocaine or other drug laws may actually increase the crime rate. Use the concepts of demand, supply, and elasticity in your explanation

Please provide the best answer for the statement.

Economics