Question

The unemployment rate will rise if the typical job searcher’s job search time ______________. Which is...

The unemployment rate will rise if the typical job searcher’s job search time ______________.

Which is the correct answer???

Stays the same

Decreases

Increases

Is less than 4 weeks

0 0
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Answer #1

Ques: Option C is correct. As job search time increases it means you have to spent more time in searching new job. As a result, time to getting new job will increase. Till the time, you get the new job you remain unemployed. Hence unemployment rate will increase.

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