The percentage of workers who work part time for noneconomic reasons
A) has decreased from 30 percent of the labor force in 1980 to 20 percent in 2011.
B) does not fluctuate much at all with the business cycle.
C) has trended upward since 1980.
D) fluctuates strongly with the business cycle.
E) decreases during a recession as the number of discouraged workers increases.
B
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Growth in potential GDP depends on
a. the labor force growth rate, capital stock growth rate, and rate of technical progress. b. government spending, growth in prices, and labor productivity. c. cyclical fluctuations and growth in the capital stock. d. growth in real GDP, nominal GDP, and the population.
Favorable supply shocks should produce rapid economic growth with falling inflation
a. True b. False Indicate whether the statement is true or false