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Suppose the Number of People Who Retire Is Greater Than

question 75

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Suppose the number of people who retire is greater than the number of people who enter the workforce and find jobs.All else the same,the labor force participation rate will ________ and the unemployment rate will ________.


Definitions:

Nearest 0.01%

Indicates rounding figures to the closest one hundredth of a percent.

Equivalent Interest Rate

A rate that converts interest rates of various compounding periods into an annual rate for comparison purposes.

Nearest 0.01%

Rounding a percentage to the closest one-hundredth of a percent.

Nearest 0.01%

Rounding a number or percentage to the closest hundredth of a percent for precision.

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