If an Unemployed Person Quits Looking for Work, Then, Eventually

question 350

Multiple Choice

If an unemployed person quits looking for work, then, eventually the unemployment rate

• A)decreases, and the labor-force participation rate is unaffected.
• B)and the labor-force participation rate both decrease.
• C)is unaffected, and the labor-force participation rate decreases.
• D)and the labor-force participation rate are both unaffected.

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Definitions:

Insurance Tax

A tax levied on insurance premiums that insurers are required to pay, often varying by state or country.

Chemical Spill

The release of a hazardous substance, either liquid or powdered, into the environment, potentially causing harm to people, property, or the natural surrounding.

Permanent Disability

A long-term impairment that significantly restricts an individual's ability to engage in work or other daily activities.

Social Security

The federal Old Age, Survivors, Disability, and Health Insurance (OASDHI) program, which combines old age (retirement) insurance, survivor's insurance, disability insurance, hospital insurance (Medicare Part A), and supplementary medical insurance (Medicare Part B) for the elderly.