The labor force consists of:

a. people more than 20 years old and who are looking for work.
b. people more than 16 years of age and older working or looking for work.
c. all adults above 18 years of age with job skills.
d. all working adults employed for more than forty hours a week.

b

Economics

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What is a supply shock, and why might a supply shock lead to stagflation?

What will be an ideal response?

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The goal of all regulation is the creation of perfectly competitive markets.

Answer the following statement true (T) or false (F)

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