If more people just started looking for work Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a the unemployment rate will rise and the economy will be worse off. b the unemployment rate will rise but the economy will be better off. c the unemployment rate will fall and the economy will be worse off. d the unemployment rate will fall and the economy will be better off.
Added by Kristy P.
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Step 1: If more people start looking for work, it means that there will be an increase in the labor force participation rate. Show more…
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c) The unemployment rate is the number of Group of answer choices people looking for work divided by the population. jobless individuals divided by the total labor force. jobless people looking for work divided by the population. jobless individuals looking for work divided by those employed and unemployed but actively looking: d) If the price level were to rise, the short- run aggregate supply curve in the next period will Group of answer choices shift upward: shift downward: become steeper: None of the above is correct.
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