As the Average Age of the Labor Force Increased from the End

question 14

Multiple Choice

As the average age of the labor force increased from the end of the 1970s to the end of the 1990s, the natural rate of unemployment:

• A) increased.
• B) decreased.
• C) was unaffected.
• D) was unpredictable.

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Definitions:

Population Proportion

The fraction or percentage of a population possessing a particular characteristic.

Sample Size

The number of observations or units chosen from a population to participate in a study.

Standard Error

A statistical term that measures the accuracy with which a sample distribution represents a population by using standard deviation.

Sample Proportion

The fraction or percentage of a sample that represents a particular outcome or characteristic.