Transitions into and Out of the Labour Force

question 36

Multiple Choice

Transitions into and out of the labour force:

• A)rarely occur.
• B)do not affect unemployment statistics.
• C)make the interpretation of unemployment statistics complicated.
• D)reduce the amount of frictional unemployment.

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Definitions:

Price Decrease

A reduction in the monetary value or cost of goods and services.

Demand

A relation between the price of a good and the quantity that consumers are willing and able to buy per period, other things constant.

Willing and Able

The readiness and capability of individuals or groups to engage in a particular activity.

Buyers

Individuals or entities that purchase goods or services for personal use, resale, or production.