Question: i need help for this question please! Homework: Lab 1 score: 0 of 1 pt 9.1 Study Exercise 3 (Static) The unemployment rate is defined

i need help for this question please!

i need help for this question please! Homework: Lab 1 score: 0

Homework: Lab 1 score: 0 of 1 pt 9.1 Study Exercise 3 (Static) The unemployment rate is defined as: Number of people unemployed Unemployment rate - Number of people in the labour force X 100 percent a. Explain why people may decide to join the labour force during booms. People may decide to join the labour force during booms because O A. more jobs become available and hence there are more opportunities to find a job. OB. there is a decline in productivity and hence an increase in salaries. O C. there is a rise in productivity, hence more workers are required in the labour market. O D. social assistance declines sharply during the booms and people are looking for additional income

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!