Question

Which choice BEST describes what might happen to unemployment rates if retirement ages were raised?

A) In the short term, unemployment rates would remain stable.
B) In the short term, unemployment rates would drop drastically.
C) In the short term, unemployment rates would rise drastically.
D) In the short term, unemployment rates would depend on other market factors.

Answer 1

b)In the short term, unemployment rates would drop drastically.

Step-by-step explanation:

Answer 2

D) In the short term, unemployment rates would depend on other market factors.

Step-by-step explanation:

In the short term the raising of the retirement age would not affect the unemployment rates, this is because the short term, 3 months, would not reflect most of the jobs that are being freed by the retiring workers, in the long run, lets say, 3 years it will be perceivable in the unemployment rate because the people entering the workforce will not have does jobs or the subsequent job that someone retiring releases.