The total U.S. labor force participation rate increased over the past 50 years because
A) the female labor force participation rate increased.
B) more men are retiring early.
C) fewer women are attending college.
D) many blue-collar jobs with rigid work hours have been created in the last decade.
E) the male labor force participation rate increased.
A
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Using "chain-weighted" prices to calculate real GDP remedies the distortions causes by changes in relative prices over time
Indicate whether the statement is true or false
A change in economic output is potentially efficient
A. only if no one is made worse off. B. if the value of the resulting gains exceeds the value of the resulting losses. C. if the value of the resulting gains exactly equals the value of the resulting losses. D. if the value of the resulting gains is less than the value of the resulting losses.