The "discouraged worker" effect occurs during recessions because
A) the labor force tends to grow during recessions.
B) the expected payoff from looking for work falls relative to the expected payoff from household production.
C) one spouse is discouraged by the job prospects of the other and decides to look for a job.
D) workers are discouraged by their depleted savings and decide to look for a job.
Correct Answer:
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Q1: If two partners are substitutes in the
Q2: In a life-cycle model,a worker with constant
Q4: Household production consists of
A) any commodities which
Q5: Suppose that two partners enjoy each other's
Q6: If the decision-making process in a household
Q7: The monetary value of a homemaker's time
Q8: Empirically,the "added-worker" effect is _ in magnitude
Q9: In a life-cycle model,expected wage changes cause
Q10: If the only working member of a
Q11: If Social Security were changed so that
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