Suppose There Are 2 Million Unemployed Workers Seeking Jobs

question 89

Multiple Choice

Suppose there are 2 million unemployed workers seeking jobs.After a period of time,two hundred thousand of them become discouraged over their job prospects and stop looking for work.What will the effect of this on the unemployment rate?

• A)It will increase in the short run but would eventually decline.
• B)It will increase.
• C)It will fall.
• D)It will be unchanged.
• E)The question cannot be answered from this information.

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Definitions:

Objective Judgments

involve making decisions or forming opinions based on unbiased facts and without the influence of personal feelings or prejudices.

Critical Thinking

The intellectually disciplined process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and evaluating information to reach a conclusion.

Well-supported Reasons

Arguments or justifications that are backed by solid evidence or logic.

Empirical Findings

Results and data obtained through observation and experimentation, forming the basis for knowledge and scientific conclusions.