Question

Due to the rising cost of a college education, a greater percentage of students have part-time jobs in comparison to past years. All else the same, this decrease in the number of full-time students can be expected to ________ the labor force participation rate and ________ the unemployment rate.

Answer 1

All else the same, this decrease in the number of full-time students can be expected to increase the labor force participation rate and decrease the unemployment rate.

Step-by-step explanation:

In the scenario given above, the higher the number of college students engaged in part-time jobs, they higher the number of people (labour force ) who seeks to participate in work.

This would, on the long run, leads to decrease in the unemployment rate in that given situation, all things being equal.

Answer 2

increase; decrease

Step-by-step explanation:

Increase in the cost of college education has forced a huge percentage of students to take up part-time job when compared with past years, This decline in the number of full-time students can be expected to increase the labor force participation rate and decrease the unemployment rate.

The labor force participation rate affect the unemployment rate because most unemployed people were able to secure a job and are employed .

Labor force participation means the category of working population which are classified between the age of 16-64 in the economy who are currently employed or still searching for job.