Multiple Choice
If the numbers of people officially employed and officially unemployed each increased by 10%, while the non-institutional population increased by 15%, what would be the effect?
A) an increase in the unemployment rate and an increase in the labor force participation rate
B) an increase in the unemployment rate and a decrease 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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