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 cannot find work and give up trying.
C) and decide to take early retirement.
D) All of these are true.
Correct Answer:
Verified
Q35: Marc is a high school graduate and
Q36: The Bureau of Labor Statistics counts underemployed
Q37: If you hear that unemployment decreased by
Q38: If you hear that unemployment increased by
Q39: Sasha has a master's degree in writing,
Q41: The labor demand curve:
A) shows the relationship
Q42: Jake just quit his job as a
Q44: The normal level of unemployment that persists
Q45: The labor supply curve:
A) is made up
Q58: Which type of unemployment does not contribute
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents