Answer to Question #67993 in Microeconomics for Matt

Question #67993
Suppose that the size of the labour force increases, what would happen to the unemployment rate? Assume that the number of people unemployed does not change.
1
Expert's answer
2017-05-04T08:41:08-0400
As the unemployment rate is calculated as the quotient of the number of unemployed amount of labor force, so unemployment rate decreases if labor force increases.

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