Geoff loses his job in May and decides to spend his summer fishing. Assuming that other things remain the same, what happens to the unemployment rate?
A) The unemployment rate decreases because he is not in the labour force anymore.
B) The unemployment rate increases because he is still in the labour force.
C) The unemployment rate decreases because he is still in the labour force.
D) The unemployment rate increases because he is not in the labour force anymore.
Correct Answer:
Verified
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