If population growth occurs while jobs are difficult to obtain or labor force participation does not increase
A) there may be little or no increase in a nation's labor resources.
B) per capita GDP is likely to increase sharply.
C) economic growth will be robust because any population gain is a plus.
D) a nation's labor resources will still continue to increase in both quality and quantity.
A
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The official U-3 unemployment rate
A) includes persons without a job who have made efforts in the last week to find a job. B) includes persons without a job, whether they are actively searching for work or not. C) counts discouraged workers as unemployed. D) counts people with part-time jobs who want full-time jobs as unemployed.
Suppose we were analyzing the pound per Swiss franc foreign exchange market. If Switzerland's price level rise relative to England and nothing else changes, then the: a. The supply of Swiss francs in the foreign exchange market rises, and the demand for Swiss francs in the foreign exchange market falls, causing a depreciation of the Swiss franc
b. The supply of Swiss francs in the foreign exchange market falls, and the demand for Swiss francs in the foreign exchange market falls, causing an uncertain change in the value of the Swiss franc. c. The supply of Swiss francs in the foreign exchange market falls, and the demand for Swiss francs in the foreign exchange market rises, causing an appreciation of the Swiss franc. d. Neither supply nor demand in the foreign exchange market change because relative international prices influence trade flows and not the exchange rate. e. The supply of Swiss francs in the foreign exchange market rises, and the demand for Swiss francs in the foreign exchange market rises, causing an uncertain change in the value of the Swiss franc.