In the United States over the past 40 years,the
A) labor force participation rate has remained relatively constant and the unemployment rate has trended upwards.
B) both the unemployment rate and real GDP have tended to increase.
C) labor force participation rate has fallen and real GDP has increased.
D) unemployment rate has fluctuated and the labor force participation rate has risen.
Correct Answer:
Verified
Q1: In the United States,over time GDP
A) stays
Q2: A significant decline in activity spread across
Q3: The difference between nominal GDP and real
Q4: The circular flow model shows that GDP
Q5: Comparing the unemployment rate and the business
Q6: The labor force is defined as
A) all
Q8: At full employment,
A) real GDP equals potential
Q9: The accumulated loss of output that results
Q10: GDP is defined as
A) gross demanded prices.
B)
Q11: In the expenditure approach to measuring GDP,the
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