Multiple Choice
Suppose that there are 1 million unemployed workers seeking jobs.After a period of time,100,000 of them become discouraged over their job prospects and cease looking for work.As a result,the official unemployment rate would:
A) increase in the short run, but eventually decrease
B) increase
C) decrease
D) remain unchanged
E) remain unchanged in the short run, but eventually decrease
Correct Answer:
Verified
Correct Answer:
Verified
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