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violin13 violin13
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5 years ago

Question 1.

When an individual quits his/her job and decides to stay at home for a while, the labor-force participation rate



▸ decreases.

▸ increases.

▸ stays the same.

▸ may increase or decrease, depending on the length of time he/she stays at home.

Question 2.

Mike has just graduated from college and is now looking for a job, but has not yet found one. This causes the unemployment rate to ________ and the labor-force participation rate to ________.



▸ increase; decrease

▸ stay the same; stay the same

▸ increase; increase

▸ increase; stay the same
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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jzhu11jzhu11
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violin13 Author
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