Consider the Following Scenario

question 370

Essay

Consider the following scenario. Initially the economy has 90 million people working, 10 million people unemployed, and 20 million people not in the labor force. Then prospects for the economy improve. Five million people who previously were not in the labor force now join the 10 million previously unemployed in looking for work. For now, the economy remains with 90 million workers. What happens to the unemployment rate?

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Definitions:

Connotative

Pertaining to the implied or suggested meaning that is associated with a word beyond its literal definition.

Abstract

Referring to ideas or concepts that are theoretical and not concrete or tangible in nature.

Impersonal Pronouns

Pronouns used to refer to subjects without specifying gender or identity, often used in general statements or instructions.

Positive Emotions

Feelings that are generally beneficial and enjoyable, including happiness, joy, love, and gratitude.