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:

Revenue Account

A ledger account that tracks the income earned by a business from its operating activities, before any expenses are deducted.

Sales Discount

A reduction in the price of goods or services offered to customers, to encourage early payment or reward them for their purchase.

Horse Boarding

Horse Boarding is a service provided by stables and farms where they offer shelter, care, and feeding of horses for their owners against a fee.