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Author Question: As the economy ________, the labor force increases, and as the economy ________, the labor force decreases. (Read 305 times)

bcretired

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Question 1

The measured unemployment rate does not rise as much as one might expect when output decreases because, as the economy contracts


◦ more people enter the labor force.
◦ firms want to hire additional workers.
◦ more people find jobs.
◦ more people leave the labor force.

Question 2

As the economy ________, the labor force increases, and as the economy ________, the labor force decreases.


◦ expands; contracts
◦ contracts; expands
◦ matures; develops
◦ develops; matures


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Marked as best answer by bcretired on Apr 19, 2019

Tonyam972

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