Mullins Martin
08/14/2023 · Elementary School
Assume that 2 million individuals enter the labor force this month and all of them find jobs. This increase in the labor force will cause the unemployment rate to: increase in all instances. decrease. remain the same. change, but without more information, it is impossible to determine how it will change. increase only if the number of new employees is greater than the number of unemployed
UpStudy ThothAI Solution
Tutor-Verified Answer
Quick Answer
The unemployment rate will decrease.
Step-by-step Solution
Answered by UpStudy AI and reviewed by a Professional Tutor
UpStudy ThothAI
Self-Developed and Ever-Improving
Thoth AI product is constantly being upgraded and optimized.
Covers All Major Subjects
Capable of handling homework in math, chemistry, biology, physics, and more.
Instant and Accurate
Provides immediate and precise solutions and guidance.
Try Now
Ask Tutors
Ask AI
10x
Fastest way to Get Answers & Solutions
By text
Enter your question here…
By image
Re-Upload
Submit