Question: Use the following notation for this questions: U is the number of unemployed, N the number of employed, POP the population of working age {in

Use the following notation for this questions: U is the number of unemployed, N the number of employed, POP the population of working age {in each age bracket}, to is the unemployment rate and LFPR is the labor force participation rate. Assume that POP in each age bracket is constant over this time frame. For each of the following events assume that 3.\" individuals take the action given and that nothing else happens in the labor market. Show in each case what happens to the unemployment rate and the labor force participation rate by using the equations for both measures. Clearly mark if the variable increases {'1'}, decreases {l} or stays constant (H). An explanation is not necessary. 3.. Individuals from the 2534 age group, who were previously unemployed, decide to go back to school {college or grad school} as fulltime students. b. Individuals from the 2334 age group, who were previously employed, decide to go back to school [college or grad school} as fulltime students. C. Individuals from the 2534 age group, who were previously employed, lose their jobs and start looking for new ones. d. Individuals from the 5564 age group, who were previously employed, decide to retire. e. Individuals from the 55434 age group, who were previously unemployed, decide to retire early. f. Individuals from the 55154 age group return to the labor market from early retirement, start looking for a job but haven't found one yet
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