All Else Equal, Which of the Following Would Increase the Unemployment

question 497

Multiple Choice

All else equal, which of the following would increase the unemployment rate?
(i) an increase in the number of women who return to work after being stay-at-home mothers
(ii) a preference among older men to retire early
(iii) an increase in the maximum number of weeks for which someone can receive government unemployment benefits
(iv) an increase in the number of previously unemployed women who stop looking for work and become discouraged workers

• A)(i) and (ii) only
• B)(iii) only
• C)(ii) and (iii) only
• D)(ii), (iii), and (iv) only

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Definitions:

Identical

Exactly the same, without any difference.

Generalization

The process of extracting common characteristics from specific examples, leading to a broad conclusion or principle.

Analogy

A juxtaposition of two objects or ideas to shed light on or explain their relationship or distinct features.

Induction

A reasoning method that involves drawing general conclusions from a set of specific observations or instances.