Terrance loses his job and immediately begins looking for another. Other things the same, the unemployment rate
a. increases, and the labor-force participation rate decreases.
b. increases, and the labor-force participation rate is unaffected.
c. is unaffected, and the labor-force participation rate increases.
d. decreases, and the labor-force participation rate is unaffected.
B
You might also like to view...
Which of the following statements is true?
A) Geography and culture of a nation are under human control, while institutions of a nation are outside of human control. B) Geography refers to man-made factors, and in particular to the organization of society determined by the members of that society. C) Geography of a nation is not always under human control, while institutions of a nation are man-made. D) Most of the geography of a nation can be changed over time.
Refer to Figure 26-6. In the figure above, if the economy is at point A, the appropriate monetary policy by the Federal Reserve would be to
A) raise interest rates. B) raise income taxes. C) lower income taxes. D) lower interest rates.
Events that shift the Ap demand schedule to the left also cause ________ the IS curve
A) movements downward along B) movements upward along C) parallel rightward shifts of D) parallel leftward shifts of
Some years ago, the World Bank surveyed the ways in which countries encouraged or discouraged market activity. Its conclusion was:
a. when poor people are allowed access to the institutinos richer people enjoy, they are ill equipped to take advantage of those benefits b. when poor people are allowed access to the institutions richer people enjoy, they can thrive and help themselves c. that there was no measurable difference between the countries that actively encouraged market activity from those that discouraged it. d. without the proper resources, encouraging market activity had no effect