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msidhu msidhu
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2 months 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
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OmfgtimmyOmfgtimmy
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2 months ago
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msidhu Author
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2 months ago
Thank you, thank you, thank you!
cartoon
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This calls for a celebration Person Raising Both Hands in Celebration
Alina01978
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2 hours ago
Good timing, thanks!
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