A country has a labor force of 1,000,000 and 50,000 of discouraged workers. The unemployment rate is 10%. If the number of discouraged workers increases to 100,000, then the new unemployment rate is
A country has a labor force of 1,000,000 and 50,000 of discouraged workers. The unemployment rate is 10%. If the number of discouraged workers increases to 100,000, then the new unemployment rate is
Chapter12: Business Cycles And Unemployment
Section: Chapter Questions
Problem 14SQ
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A country has a labor force of 1,000,000 and 50,000 of discouraged workers. The
unemployment rate is 10%. If the number of discouraged workers increases to 100,000, then the new unemployment rate is
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