Explain whether each of the following events increases, decreases, or has no effect on the unemployment rate and the labor-force participation rate. a. After a long search, Jon finds a job. b. Tyrion, a full-time college student, graduates and is immediately employed. c . After an unsuccessful job search, Arya gives up looking and retires. d. Daenerys quits her job to become a stay-at-home mom e. Sansa has a birthday, becomes an adult, but has no interest in working. f. Jaime has a birthday, becomes an adult, and starts looking for a job. g. Cersei dies while enjoying retirement. h. Jorah dies working long hours at the office.

BuyFind

Principles of Macroeconomics (Mind...

8th Edition
N. Gregory Mankiw
Publisher: Cengage Learning
ISBN: 9781305971509
BuyFind

Principles of Macroeconomics (Mind...

8th Edition
N. Gregory Mankiw
Publisher: Cengage Learning
ISBN: 9781305971509

Solutions

Chapter 15, Problem 2PA
Textbook Problem

Explain whether each of the following events increases, decreases, or has no effect on the unemployment rate and the labor-force participation rate.

a. After a long search, Jon finds a job.

b. Tyrion, a full-time college student, graduates and is immediately employed.

c. After an unsuccessful job search, Arya gives up looking and retires.

d. Daenerys quits her job to become a stay-at-home mom

e. Sansa has a birthday, becomes an adult, but has no interest in working.

f. Jaime has a birthday, becomes an adult, and starts looking for a job.

g. Cersei dies while enjoying retirement.

h. Jorah dies working long hours at the office.

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Principles of Macroeconomics (MindTap Course List)

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