Mylab Economics With Pearson Etext -- Access Card -- For Economics Today: The Macro View
Mylab Economics With Pearson Etext -- Access Card -- For Economics Today: The Macro View
12th Edition
ISBN: 9780133921304
Author: Miller, Roger LeRoy
Publisher: PEARSON
Question
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Chapter 7, Problem 1FCT
To determine

Why does the overall level of employment often tend to increase as overall labor force participation rises?

Introduction:

The total labor force of nation comprises of both employed as well as unemployed people of the country. The labor force participation rate is the fraction of the total working age population that is in the labor force and thus includes all employed as well as unemployed persons. The overall employment rate is the fraction of the labor force that is employed (excluding those who are jobless, actively searching for a job and available to take one).

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