Author Question: Assume the U.S. population is 300 million. If 200 million people are of working age, 125 million are ... (Read 421 times)

asmith134 · **on:** Jun 30, 2018

Assume the U.S. population is 300 million. If 200 million people are of working age, 125 million are employed, and 15 million are unemployed, what is the size of the labor force?

A) 200 million B) 125 million C) 175 million D) 140 million E) 215 million

Question 2

Downward wage rigidity is likely to:

A) decrease unemployment. B) decrease wage rates.
C) increase wage rates. D) increase unemployment.