Suppose that the labor movement has a revival in the United States and the majority of workers join labor unions.As a result we would expect
A)the labor force participation rate to fall.
B)the unemployment rate to fall.
C)the unemployment rate to rise.
D)no change in the unemployment rate or labor force participation rate.

Question

Quizplus · Accepted Answer

A revival of the labor movement and a majority of workers joining labor unions could lead to an increase in the unemployment rate. This is because unions often push for higher wages and better working conditions, which can lead to employers hiring fewer workers due to increased labor costs. Additionally, unions might engage in strikes or other forms of labor action that can disrupt production and lead to temporary layoffs, further increasing unemployment.

Suppose That the Labor Movement Has a Revival in the United