Which of the following is most likely to affect the supply of labor in any particular industry?
a. the size of the available working population
b. the nonmonetary attractiveness of the job
c. the amount of ability and training necessary to enter the job
d. all of the above
d
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If assets are imperfect substitutes, then a decrease in the amount of domestic currency bonds held by the public will ________ the risk premium and ________ the amount of domestic currency bonds held by the central bank
A) decrease; leave unchanged B) increase; decrease C) increase; increase D) decrease; decrease E) leave unchanged; decrease
The employment ratio is always ________ than labor force participation, because only the latter ________
A) larger; omits discouraged workers B) smaller; includes the unemployed C) smaller; omits people too young to work D) larger; includes people looking for work