Which of the following would reduce the labor force participation rate, all else equal?
A) an increase in the number of people in the labor force
B) an increase in the unemployment rate
C) a decrease in the unemployment rate
D) an increase in the working-age population
Answer: D
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The net benefits of entering into an OCA are calculated by:
A) measuring the symmetry between the political structures of the nations. B) measuring the variability of exchange rates between the nations. C) comparing the efficiency benefits of market integration versus the costs of abandoning discretionary monetary policy. D) comparing the trade balances between the nations with growth in GDP for each nation.
According to the graph in the figure above, which year experienced the most rapid change in employment?
A) Year 2 B) Year 3 C) Year 4 D) Year 5