Multiple Choice
Suppose there are 10 million part-time workers and 90 million full-time workers in an economy. Five million of the part-time workers switch to full-time work. As a result,
A) the official unemployment rate will fall.
B) the official unemployment rate will rise.
C) the official unemployment rate will remain unchanged.
D) the size of the labor force will increase.
Correct Answer:
Verified
Correct Answer:
Verified
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