Suppose That Next Year 300 000 Existing Jobs in the Economy

question 68

Multiple Choice

Suppose that next year 300 000 existing jobs in the economy are eliminated through layoffs and plant closures, and 400 000 new jobs are created through expansions and the creation of new firms. The amount of unemployment will rise over that year if

• A)less than 100 000 people join the labour force.
• B)more than 100 000 people drop out of the labour force.
• C)more than 300 000 people drop out of the labour force.
• D)less than 100 000 people drop out of the labour force.
• E)more than 100 000 people join the labour force.

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Definitions:

Third Parties

External entities or individuals that are not the primary participants in a transaction or agreement but may be involved or affected by it.

Collectivist

A social theory favoring the group over individual interests, typically prioritizing community, cooperation, and collective well-being.

Individualist

A person or societal stance favoring independence and self-reliance in making choices and conducting affairs, often prioritizing personal goals over group objectives.

Anarchist

An individual who opposes organized government and seeks to promote a society based on voluntary cooperation and free association of individuals and groups.