Suppose there are 10 million in the labour force, and 600 000 unemployed people.During the next month, 20 000 people lose their jobs and 30 000 find jobs.The new total of employed persons is __________ and the new unemployment rate is ___________.(Assume there are no new entrants into the labour force.)
A) 10.1 million; 5.8 per cent
B) 10 million; 6.1 per cent
C) 9.41 million; 5.9 per cent
D) 9.39 million; 6.1 per cent
Correct Answer:
Verified
Q25: Most of the economy's structural unemployment problem
Q26: Efficiency-wage theory suggests that to improve workers
Q27: Sectoral shifts in the economy:
A)decrease job search
B)increase
Q28: Graph 9-1 Q29: In a growing economy that is experiencing Q32: Fred decides to hire some additional mechanics Q33: Effective collective bargaining will: Q34: Which of the following contributes to the Q35: The theory of efficiency wages explains why: Q150: A person quits her job in order![]()
A)increase the demand for
A)unions
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