If a Sizable Number of Workers Were Switched from Full-Time

question 77

Multiple Choice

If a sizable number of workers were switched from full-time to half-time employment, then the official unemployment rate would:

• A) rise.
• B) fall.
• C) remain unchanged.
• D) react unpredictably.

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Definitions:

Percent Decrease

A measure of the reduction in amount or size of something expressed as a percentage.

Base Value

A reference point or initial value used in financial calculations, indexes, or for measuring changes in economic indicators.

Missing Value

In data analysis, a data point that is absent or not recorded, which can affect the outcome of statistical models.

Decimal Places

The quantity of numerals located to the right side of the decimal point in a numeric value.