How will an increase in enrollment in schools due to free education and subsidy affect:
1. Size of labor
2. Unemployment
Answers must be in one sentence each.
1. An increase in enrollment due to free education and subsidy will lead to a larger size of labor as more individuals will pursue education and enter the workforce.
2. Unemployment may initially increase as the increase in enrollment creates a larger pool of job seekers, but in the long run, it can decrease as the educated workforce contributes to economic growth and job creation.