If the Labor Force Grows Faster Than the Number Employed

question 40

Multiple Choice

If the labor force grows faster than the number employed, the

• A)unemployment rate will fall.
• B)unemployment rate will rise.
• C)labor force rate will rise.
• D)employment rate will rise.

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Definitions:

Buyers

Individuals or organizations that purchase goods or services for personal use, resale, or as inputs in the production of other goods.

Sellers

Individuals or entities that offer goods or services for sale in the marketplace.

Progressive

A term describing a tax system where the tax rate increases as the taxable amount increases, or broadly referring to policies or principles aiming at promoting social advancement.

Regressive

A term often used in taxation that describes a situation where the tax rate decreases as the taxable amount increases, placing a heavier burden on lower-income individuals.