Explain whether each of the following events increases, decreases, or has no eff

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, graduataes and is immediately employed,

c. After an unsuccesful job search, Arya gives up and 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

Explanation / Answer

A.

Unemployment rate decrease as john gets employed. There is no change in labor force participation rate since, john is already the part of labor force.

B.

Unemployment rate will decrease. Labor force participation rate will increase.

C.

Unemployment rate will decrease. Labor force participation rate will also decrease.

D.

Unemployment rate will decrease. Labor force participation rate will also decrease. Because Daenerys will not be the part of the labor force by being a stay-at home mom.

E.

Unemployment rate will not change because Sansa is neither the part of unemployed people nor employed people. But, Labor force participation rate will also decrease as she is the part of the population.

F.

Unemployment rate will increase. Labor force participation rate will increase as James has started looking for a job. He is now the part of the labor force.

G.

Unemployment rate will not change because Cersei was retired person. Labor force participation rate will increase as the population has come down by one number.

H.

Unemployment rate will increase as Jorah was employed and a position became vacant. Labor force participation rate will decrease as population has come down.

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