Suppose that the size of the labor force is 100 million and that the unemployment rate is 5 per cent. Which of the following actions would reduce the unemployment rate the most?
A. 1 million unemployed people get jobs
B. 2 million unemployed people leave the labor force
C. 3 million people join the labor force and they all get jobs
D. 10 million people join the labor force and half of them get jobs
Ans: B. 2 million unemployed people leave the labor force
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What factors are held constant along a given demand curve for a good?
a. the price of the good b. the technology used to produce the good c. the supply of the good d. consumer incomes and the prices of other goods
France uses civil law
a. True b. False
Every adult who was not employed during the previous four weeks is included in the Bureau of Labor Statistics' "unemployed" category
a. True b. False Indicate whether the statement is true or false