chapter 7 Q&A - 43 Timmy started looking for another...

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43) 
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Timmy  started looking for another job immediately after he lost his current job. As a result the:  A) 
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labor force  decreases.  B) 
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labor force  increases.  C) 
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unemployment  rate increases.  D) 
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unemployment  rate remains constant.  Answer:  
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44) 
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The unemployment rate is calculated as:  A) 
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(employed  - labor force)/employed  ×  100.  B) 
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(employed  + unemployed)/labor force  ×  100.  C) 
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unemployed/po pulation  ×  100.  D) 
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(unemployed)/l abor force  ×  100.  Answer:  
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45) 
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When an  individual quits his job and decides to look for a new job immediately, the labor - force participation rate:  A) 
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decreases.  B) 
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increases.  C) 
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stays the same.  D) 
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may increase or  decrease, depending on the length of time he/she stays at home.  Answer:  
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46) 
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