Multiple Choice
During a recession, people drop out of the labor force because they are unable to find a job. All else the same, this
A) increases the official U-3 unemployment rate.
B) increases the official U-3 unemployment rate and the labor force participation rate.
C) does not change the official U-3 unemployment rate.
D) decreases the official U-3 unemployment rate.
Correct Answer:
Verified
Correct Answer:
Verified
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