Question 2.7: What would happen to the labor force participation, employment, and unemployment rates if a group of people who had given up on finding work due to the recession start looking for work again? (Choose one answer for each category) Labor Force Participation Rate O Decrease O Increase O Stay the same Employment Rate i O Decrease O Increase O Stay the same Unemployment Rate O Decrease O Increase OStay the same

Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter8: Economic Fluctuations, Unemployment, And Inflation
Section: Chapter Questions
Problem 15CQ
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Question 2.7: What would happen to the labor force participation, employment, and unemployment
rates if a group of people who had given up on finding work due to the recession start looking for work
again? (Choose one answer for each category)
Labor Force Participation Rate i
O Decrease
O Increase
O Stay the same
Employment Rate i
O Decrease
O Increase
O
Stay the same
Unemployment Rate i
O Decrease
O Increase
O Stay the same
Transcribed Image Text:? Question 2.7: What would happen to the labor force participation, employment, and unemployment rates if a group of people who had given up on finding work due to the recession start looking for work again? (Choose one answer for each category) Labor Force Participation Rate i O Decrease O Increase O Stay the same Employment Rate i O Decrease O Increase O Stay the same Unemployment Rate i O Decrease O Increase O Stay the same
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