If the Working Age Population ________ and the Labor Force

question 153

Multiple Choice

If the working age population ________ and the labor force does not change,the ________.

• A)increases;labor force participation rate will increase
• B)increases;labor force participation rate will decrease
• C)increases;unemployment rate will increase
• D)decreases;unemployment rate will increase
• E)decreases;labor force will increase

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Definitions:

Teddy Bears

Stuffed toys designed to resemble a bear, often used as comfort objects by children and collectors alike.

Consumer Price Index

A benchmark for assessing the weighted average expenses of various consumer items and services like food, healthcare, and transportation.

Substitution Bias

A bias in measuring the cost of living or inflation that arises from the substitution of relatively cheaper goods for more expensive ones by consumers.

Basket of Goods

A fixed set of products and services, used to monitor changes in price levels over time to measure inflation.