Answered: If the labor force increases, but the…

If the labor force increases, but the number of people unemployed stays the same, what happens to the unemployment rate? A. Increases B. Decreases C. Stays the same

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter6: How Statisticians Measure Inflation

Section: Chapter Questions

Problem 4DQ

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Question

If the labor force increases, but the number of people unemployed stays the same, what happens to the unemployment rate?

A. Increases

B. Decreases

C. Stays the same

Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.

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