Asked by
Angela Croney
on Oct 13, 2024
Verified
If the labor force rose and the number of unemployed stayed the same,the unemployment rate would
A) rise.
B) stay the same.
C) fall.
Unemployment Rate
The ratio of individuals in the labor force who are without a job and actively seeking employment.
Labor Force
The total number of people employed or actively seeking employment in a country or specific area.
Unemployed
Individuals who are capable of working and willing to work but cannot find employment.
- Understand the relationship between labor force dynamics and the unemployment rate.
Verified Answer
VB
Learning Objectives
- Understand the relationship between labor force dynamics and the unemployment rate.