Multiple Choice
Suppose there are 2 million unemployed workers seeking jobs.After a period of time,two hundred thousand of them become discouraged over their job prospects and stop looking for work.What will the effect of this on the unemployment rate?
A) It will increase in the short run but would eventually decline.
B) It will increase.
C) It will fall.
D) It will be unchanged.
E) The question cannot be answered from this information.
Correct Answer:
Verified
Correct Answer:
Verified
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