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Macroeconomics

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Post 2007-2008 Unemployment

MACRO-RJ7QXF

Following the Great Recession of 2007-2008, as unemployment fell, what other changes in the labor market occurred?

A

An increase in the labor force participation rate and a reduction in the number of discouraged workers.

B

A reduction in the proportion of workers working part-time and a reduction in the number of discouraged workers.

C

A reduction in the labor force participation rate and an increase in the proportion of workers working part time.

D

Significant upward pressure on wages and a reduction in the number of discouraged workers.