The following table defines some population statistics for two countrries. If a group of students decided to try to find jobs while they are studying, which of the above rates would change at first? Assume that it takes the students a few months to actually find a job.
A) Only the unemployment rate would increase.
B) Both the labor participation rate and the unemployment rate would increase.
C) Only the labor participation rate would increase.
D) The labor participation rate would increase and the unemployment rate would decrease.
Correct Answer:
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