Introduction to Economics

University of South Africa

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Essay Introduction To Economics
Essay • 2 pages • 2023

Suppose an economy has 10,000 people who are not working but looking and available for work and 90,000 people who are working. What is its unemployment rate? Now suppose 4,000 of the people looking for work get discouraged and give up their searches. What happens to the unemployment rate? Would you interpret this as good news for the economy or bad news? Explain.

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Introduction to Economics

University of South Africa

Essay Introduction To Economics

And that's how you make extra money