Suppose the civilian non-institutional population equals 125,000 persons; the civilian labor force equals 65,000 persons; there are 60,000 employed persons and 5,000 unemployed persons. If 5,000 persons who are currently "not in the labor force" decide to join the civilian labor force, and 3,000 of them are unemployed, then O both the unemployment and the employment rate rise. both the unemployment and the employment rate fall. the unemployment rate falls and the employment rate rises. O the unemployment rate rises and the employment rate falls.

Suppose the civilian non-institutional population equals 125,000 persons; the civilian labor force equals 65,000 persons; there are 60,000 employed persons and 5,000 unemployed persons. If 5,000 persons who are currently "not in the labor force" decide to join the civilian labor force, and 3,000 of them are unemployed, then O both the unemployment and the employment rate rise. both the unemployment and the employment rate fall. the unemployment rate falls and the employment rate rises. O the unemployment rate rises and the employment rate falls.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 1SCQ: Suppose the adult population over the age of 16 is 237.8 million and the labor force is 153.9...

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