Individuals leave the labour force when they: (a) find employment. (b) become unemployed. (c) retire. (d) work in the informal sector. A pattern of expansions and downswings discerning economic activity over a number of years is known as: (a) cyclical instability. (b) economic growth. (c) business cycle. (d) business cycle indicators.

Individuals leave the labour force when they: (a) find employment. (b) become unemployed. (c) retire. (d) work in the informal sector. A pattern of expansions and downswings discerning economic activity over a number of years is known as: (a) cyclical instability. (b) economic growth. (c) business cycle. (d) business cycle indicators.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter32: Macroeconomic Policy Around The World

Section: Chapter Questions

Problem 23CTQ: Demography can have important economic effects. The United States has an aging population. Explain...

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