Which of the following would reduce the labor force participation rate, all else equal?
A) an increase in the working-age population
B) an increase in the unemployment rate
C) a decrease in the unemployment rate
D) an increase in the number of people in the labor force
A
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If the government cuts income taxes, then the
a. investment curve will shift upward b. investment curve will shift downward c. consumption curve will shift downward d. consumption curve will shift upward e. economy will move to a new point along the existing consumption curve
Which statement is false?
A. Compared to 30 years ago, there is more sentiment in the U.S. for protection against the import of foreign goods. B. The basis for international trade is specialization. C. Our balance of trade has been negative since the early 1900s. D. None of these statements are true.