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Probability of finding a job decreases

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Reference no: EM131193398

Do you agree with the following statement? Explain your answer:

‘The participation rate usually increases during recessions such as the global financial crisis in 2008. This is because the probability of finding a (better paid) job decreases'.

Reference no: EM131193398

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Probability of finding a job decreases : ‘The participation rate usually increases during recessions such as the global financial crisis in 2008. This is because the probability of finding a (better paid) job decreases'.
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