Question: 4 . How do the following events affect: ( i ) the labor force participation rate and ( ii ) the unemployment rate a .

4. 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 (1 point each answer)
i.
ii.
b. After an unsuccessful search, some of the laid-off workers quit looking for new work (1 point each answer)
4 . How do the following events affect: ( i ) the

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