If an unemployed person quits looking for work, ceteris paribus, which of the following best describes the changes in the labour statistics?
A) The unemployment rate decreases, and the labour-force participation rate increases.
B) The unemployment rate decreases, and the labour-force participation rate decreases.
C) The unemployment rate stays the same, and the labour-force participation rate decreases.
D) The unemployment rate and the labour-force participation rate stay the same.
Correct Answer:
Verified
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