Maurice loses his job and decides to sit on the beach rather than looking for work the next few months. Other things the same, the unemployment rate

a. increases, and the labor-force participation rate is unaffected.
b. increases, and the labor-force participation rate decreases.
c. decreases, and the labor-force participation rate increases.
d. decreases, and the labor-force participation rate decreases.

B

Economics

You might also like to view...

The table above gives some of the entries in the national income and product accounts. What is the value of exports?

A) $350 billion B) $300 billion C) -$25 billion D) $25 billion

Economics

By discriminating between the consumers, the monopolist actually takes away a portion of the consumer surplus

a. True b. False Indicate whether the statement is true or false

Economics