Question: 4 . How do the following events affect: ( i ) the labor force participation rate and ( ii ) the unemployment rate a .
How do the following events affect:
i the labor force participation rate and
ii the unemployment rate
a A major automobile company goes broke and lays off its workers. The workers immediately start looking for new jobs point each answer
i
ii
b After an unsuccessful search, some of the laidoff workers quit looking for new work point each answer
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