A friend of yours explains that the unemployment rate for Stockton City, NJ has been declining for several months. They tell you that this is clearly a sign that Stockton City's labor market is improving quickly. You explain to your friend that this may not be a sign of an improving labor market if: a. Stockton's home ownership rate is decreasing. b. Stockton's labor force is increasing. c. Stockton's poverty rate is increasing. d. Stockton's labor force is also declining.
A friend of yours explains that the unemployment rate for Stockton City, NJ has been declining for several months. They tell you that this is clearly a sign that Stockton City's labor market is improving quickly. You explain to your friend that this may not be a sign of an improving labor market if: a. Stockton's home ownership rate is decreasing. b. Stockton's labor force is increasing. c. Stockton's poverty rate is increasing. d. Stockton's labor force is also declining.
Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781305971509
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter15: Unemployment
Section: Chapter Questions
Problem 4CQQ
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A friend of yours explains that the unemployment rate for Stockton City, NJ has been declining for several months. They tell you that this is clearly a sign that Stockton City's labor market is improving quickly. You explain to your friend that this may not be a sign of an improving labor market if:
a. Stockton's home ownership rate is decreasing.
b. Stockton's labor force is increasing.
c. Stockton's poverty rate is increasing.
d. Stockton's labor force is also declining.
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