If the number employed is 190 million, the number unemployed is 10 million, and the working-age population is 250 million, then the labor force participation rate is

Equilibrium GDP on the demand side occurs when total spending

a. equals total production, and inventories are zero. b. equals total production, and firms are unable to adjust inventories. c. exceeds total production, and inventories are rising. d. equals total production, and inventories remain at desired levels. e. is less than total production, and inventories are falling.

Other things equal, the short-run aggregate supply curve shifts positions when:

A. the price level changes. B. the rate of inflation changes. C. nominal wages and other input prices change. D. aggregate demand changes.