As the economy expands, the labor force ________, and as the economy contracts, the labor force ________.

Question

Quizplus · Accepted Answer

As the economy grows, businesses and industries require a larger workforce to support the increase in production and demand. This leads to an increase in the labor force. Conversely, during a contraction or recession, businesses tend to reduce their workforce to cut costs and stay afloat, leading to a decrease in the labor force.

As the Economy Expands, the Labor Force ________, and as the Economy