Multiple Choice
Suppose that there are 1 million part-time workers and 9 million full-time workers in an economy.Then 500,000 of the part-time workers switch to full-time work.We can conclude that the:
A) official unemployment rate will fall
B) official unemployment rate will rise
C) official unemployment rate will remain unchanged
D) size of the labour force will increase
E) size of the labour force will decrease
Correct Answer:

Verified
Correct Answer:
Verified
Q39: The unemployment rate is the:<br>A)ratio of unemployed
Q40: Suppose that a person's nominal income rises
Q41: Assume that Sharma is temporarily unemployed because
Q42: The type of unemployment associated with downturns
Q43: Cost-of-living adjustment clauses (COLAs):<br>A)make the effect of
Q44: If potential output exceeds actual real output
Q45: If real GDP in 2007 dollars is
Q46: Assuming that the total population is 100
Q48: Inflation means that:<br>A)all prices are rising, but
Q49: Which of the following statements is correct?<br>A)Real