During times of recession, the labor force participation rate typically:
A) rises, as labor demand increases during a recession.
B) rises, as more incomes per household are needed to make ends meet.
C) falls, as more people give up and stop looking for work.
D) stays roughly the same, as people make decisions about work independent of the overall health of the economy.
Correct Answer:
Verified
Q25: The price of labor is called:
A) the
Q26: In terms of supply and demand, unemployment
Q27: Jennifer has a PhD in economics and
Q28: Sonia has a BA in art history
Q29: The labor demand curve shows:
A) the number
Q31: Some people drop out of the labor
Q32: The BLS collects _ measures of unemployment.
A)
Q33: All else equal, if unemployment rises to
Q34: The labor demand curve:
A) shows the relationship
Q35: The labor force participation rate:
A) tells us
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