Growth in the supply of labour comes from
A) growth in the average hours per worker.
B) growth in the working-age population, which in the long run grows at the same rate as the total population.
C) growth in the participation rate multiplied by the average hours per worker.
D) immigration less the increase in the participation rate.
E) All of the above.
Correct Answer:
Verified
Q21: The production function shows that, as employment
Q22: Q23: The total labour hours that all the Q24: The production function describes the relationship between Q25: A surplus of labour is eliminated by Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
A)