Rick lost his job as a logistics and distribution coordinator nearly three years ago. After a long and failed search, Rick finally gives up and stops looking for a new job. Rick's decision to suspend his job search causes the unemployment rate to ________ and the labour force participation rate to ________.
A) increase; increase
B) increase; stay the same
C) stay the same; decrease
D) increase; decrease
E) decrease; decrease
Correct Answer:
Verified
Q35: Q36: Discouraged job seekers Q37: Julie works part-time as a result of Q38: The underutilisation rate and the extended underutililisation Q39: Since 1980, the labour force participation rate Q41: When the automobile replaced horse-drawn carriages as Q42: Juan recently lost his job as a Q43: As firms search for the best employee Q44: Jordan recently quit her job as a Q45: Beth has just quit her job, moved
A) are counted as unemployed
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