The aging of the labor force in the U.S. is likely to ______ the natural rate of unemployment; an increase in the efficiency of the labor market is likely to ______ the natural rate of unemployment.

Question

Quizplus · Accepted Answer

The aging of the labor force means that there will be a larger proportion of older workers, who are less likely to be unemployed. An increase in the efficiency of the labor market means that it will be easier for workers to find jobs, which will also reduce the natural rate of unemployment.

The Aging of the Labor Force in the U