Suppose there are 5 million unemployed workers seeking jobs. After a period of time, 1 million of them become discouraged over their job prospects and cease to look for work. As a result of this, all else equal, the official unemployment rate would:
A. decline.
B. increase.
C. increase in the short run but eventually decline.
D. be unchanged.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Suppose there are 5 million unemployed workers seeking jobs. After a period of time, 1 million of them become discouraged over their job ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Simpson and Homer Corporation acquired an office building on three acres of land for a lump-sum price of $3,350,000. The building was completely furnished.
Answers (1)
Here, deshane is reviewing blueprints for his company's latest building as he plans a long-term strategy for where the company should build in the next 10 years. deshane is using skills to complete this task.
Answers (2)
According to the calculator, by year 10, the majority of Demarco and Tanya's payment will go toward the. principal interest By year 20, the majority of Demarco and Tanya's payment will go toward the.
Answers (1)
Suppose you transfer $1,000 from your checking account to your savings account. how does this action affect the m1 and m2 money supplies?
Answers (1)
Disruptive innovation is a process by which a product or service takes root initially in simple applications at the bottom of a market and then relentlessly moves upmarket, eventually displacing established competitors. True or false?
Answers (1)
New Questions in Business
Dermody Snow Removal's cost formula for its vehicle operating cost is $3,000 per month plus $330 per snow-day. For the month of December, the company planned for activity of 24 snow-days, but the actual level of activity was 26 snow-days.
Answers (2)
Which statement applies to the commodities exchange
Answers (1)
Klose outfitters inc. believes that its optimal capital structure consists of 60% common equity and 40% debt, and its tax rate is 40%. klose must raise additional capital to fund its upcoming expansion.
Answers (1)
Suppose a new and more liberal Congress and administration are elected. Their first order of business is to take away the independence of the Federal Reserve System and to force the Fed to greatly expand the money supply.
Answers (1)
Which of the following is not an issue that is central to the debate regarding market efficiency? A. The magnitude issueB. The tax-loss selling issueC. The lucky event issueD. The selection bias issue
Answers (1)