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Engineering, 20.08.2021 14:00 lazymarshmallow7
Indicate what happens to the unemployment rate and the employment–population ratio in each of the following scenarios.
Many previously laid-off workers find jobs in new startup firms as the economy expands
After an unsuccessful search, some laid-off workers quit looking for new jobs.
As a result of an economic boom, many students drop out of school and start working as soon as they become adults.
A stock market crash leads to large-scale lay-offs of workers aged 55 and above, who decide to retire instead of looking for new jobs.
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Indicate what happens to the unemployment rate and the employment–population ratio in each of the fo...
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