Question 15 (1 point) Suppose that roughly 8 million people in Canada were actively seeking jobs but had not found them

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Question 15 1 Point Suppose That Roughly 8 Million People In Canada Were Actively Seeking Jobs But Had Not Found Them 1 (53.87 KiB) Viewed 79 times

Question 15 (1 point) Suppose that roughly 8 million people in Canada were actively seeking jobs but had not found them this month, the same number as last month. Suppose that 2 million of the people who were unemployed last month gave up their search this month and stopped looking for work. What will happen to the official unemployment rate this month, all other things unchanged? It will fall because 2 million people are not in the labour force this month and are not counted as unemployed. It will be unaffected because the same number of people is unemployed. The unemployment rate will decrease by 25%. It will rise because 2 million people are not in the labour force this month and are not counted as unemployed.