Some people drop out of the labor force during times of recession:
A) to go back to college, because the opportunity cost is lower during a recession.
B) because they age out of the workforce.
C) because the cost of living is lower.
D) All of these are true.
Correct Answer:
Verified
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
Q30: During times of recession, the labor force
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
Q36: The labor supply curve:
A) is made up
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