The table below shows unemployment and labor force statistics for an economy. Actual rate of unemployment 3% Natural rate of unemployment 4% Population of the country 125 million Number of people employed 97 million Number of people unemployed 3 million Number of people employed part time 5 million Number of people discouraged workers 2 million Suppose discouraged workers reenter the labor force and find employment. Will the actual rate of unemployment increase, decrease, or stay the same?

The table below shows unemployment and labor force statistics for an economy. Actual rate of unemployment 3% Natural rate of unemployment 4% Population of the country 125 million Number of people...

The table below shows unemployment and labor force statistics for an economy.

Actual rate of unemployment	3%
Natural rate of unemployment	4%
Population of the country	125 million
Number of people employed	97 million
Number of people unemployed	3 million
Number of people employed part time	5 million
Number of people discouraged workers	2 million

Suppose discouraged workers reenter the labor force and find employment. Will the actual rate of unemployment increase, decrease, or stay the same?

Jun 10, 2022