The USemployment-To-Population Ratio Peaked in 2000 and in 2012 Fell to to 58

question 11

Multiple Choice

The U.S.employment-to-population ratio peaked in 2000 and in 2012 fell to 58 percent,a level not seen since the early 1980s. This fall in the employment-to-population ratio shifts the ________ curve ________.

• A) labor supply; leftward
• B) labor supply; rightward
• C) labor demand; leftward
• D) labor demand; rightward

---

Definitions:

Demand

The total quantity of a good or service that consumers are willing and able to purchase at various prices during a specified period.

Supply

The total amount of a product or service that is available to consumers.

Rents

Payments made for the use of property or land; in economics, it also refers to earnings in excess of the minimum amount needed to keep a factor of production in its current use.

Dollar Loss

A decrease in the value of an investment, expressed in dollar terms, compared to its purchase price.