Question

Explain whether each of the following events increases, decreases, or has no effect on the unemployment rate and the labor-force participation rate.
a. After a long search, Jon finds a job.
b. Tyrion, a full-time college student, graduates and is immediately employed.
c. After an unsuccessful job search, Arya gives up looking and retires.
d. Daenerys quits her job to become a stay-at-home mom.
e. Sansa has a birthday, becomes an adult, but has no interest in working.
f. Jaime has a birthday, becomes an adult, and starts looking for a job.
g. Cersei dies while enjoying retirement.
h. Jorah dies working long hours at the office.

Answer 1

Answer:

Explanation:

a)After a long search, Jon finds a job.

There is decrease in unemployment rate ,there is zero effect on labor-force participation rate

Hint: he is now among the labour force, immediately he found the job

b. Tyrion, a full-time college student, graduates and is immediately employed.

✓the unemployment rate decreases ,

labor-force participation rate also increases as result of increase in number of the labor-force participation in which Tyrion is now part of them.

c. After an unsuccessful job search, Arya gives up looking and retires.

d. Daenerys quits her job to become a stay-at-home mom.

e. Sansa has a birthday, becomes an adult, but has no interest in working.

f. Jaime has a birthday, becomes an adult, and starts looking for a job.

g. Cersei dies while enjoying retirement.

h. Jorah dies working long hours at the office.