Multiple Choice
If an unemployed person quits looking for work, ceteris paribus, which of the following best describes the changes in the labour statistics?
A) The unemployment rate decreases, and the labour-force participation rate increases.
B) The unemployment rate decreases, and the labour-force participation rate decreases.
C) The unemployment rate stays the same, and the labour-force participation rate decreases.
D) The unemployment rate and the labour-force participation rate stay the same.
Correct Answer:
Verified
Correct Answer:
Verified
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