If an unemployed person quits looking for work, other things equal, which statement best describes the changes in the labour statistics?

Question

Accepted Answer

The unemployment rate decreases, and the labour-force participation rate decreases.

Answer

The unemployment rate and the labour-force participation rate stay the same.

Answer

The unemployment rate decreases, and the labour-force participation rate increases.

Answer

The unemployment rate stays the same, and the labour-force participation rate decreases.

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