Which of the Following Statements Is the Only One That

question 118

Essay

Which of the following statements is the only one that could possibly be true about the figure below?
a.
Series X is the labor force participation rate, and series Y is the employment-to-population ratio.
b.
Series X is the employment-to-population ratio, and series Y is the labor force participation rate.
c.
Series X is the labor force participation rate, and series Y is the unemployment rate.
d.
Series X is the employment-to-population ratio, and series Y is the unemployment rate.
e.
Series X is the unemployment rate, and series Y is the labor force participation rate.

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Definitions:

Consideration

Something of value that is given by both parties to a contract as the agreed-upon price or exchange for the contractual promises.

Valid Consideration

An essential element of a contract, which constitutes something of value exchanged between the contracting parties.

Forbearance

Forbearance is the action of refraining from enforcing a right, obligation, or debt in a legal agreement, usually as an act of leniency by the creditor.

Sufficient Consideration

A legal concept indicating that the value exchanged in a contract is recognized as adequate, making the contract binding and enforceable.