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 ...
Explain the difference between the unemployment rate and the labor force participation rate. If an economy is facing an unemployment rate of 5.2%, what are the ways to bring down unemployment to around 4.5%? What are the factors that cause natural unemployment?
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] ...
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...
Explain the difference between the unemployment rate and the labor force participation rate. If an economy is facing an unemployment rate of 5.2%, what are the ways to bring down unemployment to around 4.5%? What are the factors that cause natural unemployment...