Question 61 pts Suppose the age at which people voluntarily retire increases. Th

Question

Question 61 pts Suppose the age at which people voluntarily retire increases. There is no change in the number of unemployed people. Then:

The unemployment rate will decrease, and the participation rate will decrease.

The unemployment rate will decrease, and the participation rate will increase

. The unemployment rate will increase, and the participation rate will decrease.

The unemployment rate will increase, and the participation rate will increase.

The unemployment rate and the participation rate will be unchanged.

Explanation / Answer

Ans

The unemployment rate will decrease because unemployment=no. Of unemployed/labour force and labour force increases. The participation rate will increase as even old people now participate in labour force. So right answer is B. 100% sure Please like answer

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