Problem
1. Using a graph, analyze the effect of a recession and an increase in day care costs on the real wage and employment.
2. For each of the following situations, explain how the labor force and the unemployment rate change.
a) An individual quits his or her job and does not look for a job anymore.
b) An individual that was not in the labor force now decides to look for a job.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.