Multiple Choice
If the numbers of people officially employed and officially unemployed each increased by 5%, with no change in the non-institutional civilian population, what would be the effect?
A) an increase in the unemployment rate and no change in the labor force participation rate
B) a decrease in the unemployment rate and no an increase in the labor force participation rate.
C) no change in the unemployment rate and an increase in the labor force participation rate
D) no change in the unemployment rate and a decrease in the labor force participation rate
Correct Answer:
Verified
Correct Answer:
Verified
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