Geoff loses his job in May and decides to spend his summer fishing. Assuming that other things remain the same, what happens to the unemployment rate?

Question

Accepted Answer

The unemployment rate decreases because he is not in the labour force anymore.

Answer

The unemployment rate increases because he is not in the labour force anymore.

Answer

The unemployment rate decreases because he is still in the labour force.

Answer

The unemployment rate increases because he is still in the labour force.

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Geoff loses his job in May and decides to spend his summer fishing. Assuming tha...

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