Define the way economists define the Labor Force Participation Rate - LFPR. What is its current level in the US? What is its significance for long-term economic growth? Why do you think it is at its lowest level in 38 years? Why has the LFPR been falling ...
What causes the Labor-Demand Curve to shift? What is the natural rate of unemployment? Outline the main factors that are thought to influence the natural rate of unemployment. Explain the difference between the unemployment rate and the labor force participation rate. ...
a劳动人口的数量、劳动力人口的年龄结构和劳动力人口的参与率对一个国家或地区的经济发展至关重要 Working population quantity, the labor force population age structure and the labor force population participation rate develops very important to a national or the local economy[translate] ...
Part I • The Eightfold Path 37 • Assuming a 70 percent participation rate in the universal preschool program, each annual cohort of California children served generates $2.7 billion in net present value benefits to California society (using a 3 percent discount rate). ...
Answer and Explanation:1 Substitution Effect: In the labor market, the substitution effect measures the change in quantity supplied of labor do to the change in the the cost...