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msidhu msidhu
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A year ago
An economy has a potential workforce of 100M people and a labor-force participation rate of 80%. There are currently 8M people classified as unemployed. The next month, the potential workforce remains the same size and no new people enter the labor force. The economy generates 2M new jobs. However, 4M unemployed workers become discouraged with not being able to find a job and stop looking for work. What is the new unemployment rate?

▸ 7.5%

▸ 2.6%

▸ 6%

▸ 4%
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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OmfgtimmyOmfgtimmy
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A year ago
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msidhu Author
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A year ago
Thanks
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Thanks for your help!!
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