The labor force in an economy consists of all:
a. the people in the economy who are not retired
b. the people in the economy over 16 years of age.
c. the adults in the economy between 18 and 65 years old who are able to work.
d. the civilian noninstitutional adult population that is either working or looking for work.
e. the noninstitutional adult population who are graduates of high school.
d
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Suppose the money supply is set to grow at 7%, real GDP grows at 5%, and the expected real interest rate on Aaa corporate bonds averages 6%
Using the quantity theory of money and the Fisher equation, the nominal interest rate on the Aaa corporate bond should be A) -2%. B) 2%. C) 6%. D) 8%.
Which of the following would be expected to decrease the demand for money in the U.S.?
A. The economy enters a boom period. B. Grocery stores begin to accept credit cards in payment. C. Political instability increases dramatically in developing nations. D. Households fear increasing computer glitches will severely limit their ability to use ATMs.