The labor force participation rate is
a. the portion of the working-age population that is actively in the labor market
b. the portion of the labor force that is employed
c. the portion of the working-age population that is working
d. the portion of the working-age population that would work if jobs were available
e. none of the above
A
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In the short-run, a tax increase
A) shifts the DD curve to the right, increases output and appreciates the currency. B) shifts the AA curve to the left, increases output and depreciates the currency. C) shifts the AA curve to the left, decreases output and depreciates the currency. D) shifts the AA curve to the left, increases output and appreciates the currency. E) shifts the DD curve to the left, decreases output and depreciates the currency.
The expenditure method of calculation of GDP is as follows: GDP = Consumption + Investment + Government Spending + Net Exports
a. True b. False Indicate whether the statement is true or false