Suppose that next year 150,000 existing jobs in the economy are eliminated through layoffs and plant closures, and 200,000 new jobs are created through expansions and the creation of new firms. The amount of unemployed individuals will rise over that year if A. more than 50,000 people join the labour force. B. less than 50,000 people drop out of the labour force. O C. less than 50,000 people join the labour force. O D. more than 50,000 people drop out of the labour force. O 00 o

Suppose that next year 150,000 existing jobs in the economy are eliminated through layoffs and plant closures, and 200,000 new jobs are created through expansions and the creation of new firms. The amount of unemployed individuals will rise over that year if A. more than 50,000 people join the labour force. B. less than 50,000 people drop out of the labour force. O C. less than 50,000 people join the labour force. O D. more than 50,000 people drop out of the labour force. O 00 o

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter20: Unemployment

Section: Chapter Questions

Problem 1PA

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