If an Unemployed Person Quits Looking for Work,other Things Equal,which

question 10

Multiple Choice

If an unemployed person quits looking for work,other things equal,which of the following best describes the changes in the labour statistics?

• A)The unemployment rate decreases, and the labour-force participation rate increases.
• B)The unemployment rate decreases, and the labour-force participation rate decreases.
• C)The unemployment rate stays the same, and the labour-force participation rate decreases.
• D)The unemployment rate and the labour-force participation rate stay the same.

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Definitions:

Landlords

Property owners who rent out real estate to tenants for a periodic payment, usually monthly.

Quality of Housing

A measure of the condition, facilities, and attributes of housing units, which affects the well-being and satisfaction of residents.

Tax

An obligatory fiscal contribution or another kind of tax levied on an individual by a government authority to support government budgets and various public spending.

Price Paid

The amount of money that is exchanged for a good or service.