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Survey of economics
Question: The labor force is defined as  a) the number of people who have jobs plus those who are currently...

Show transcribed image text The labor force is defined as a) the number of people who have jobs plus those who are currently looking for jobs. b) are qualified and available but unable to find employment. c) would like to have a job but have stopped seeking work. d) would like to have a full-time job but are working part-time. During the 1980s, automobile manufacturers began to replace assembly workers with automated equipment. These workers would become examples of what type of unemployment: a) Frictional unemployment b) seasonal unemployment c) cyclical unemployment d) structural unemployment If the Fed increases the money supply, we would expect that the AD will shift ______, GDP will _____ and the interest rate will _______ a) out, increase, decrease. b) in, increase, increase. c) out, decrease, increase. d) in, decrease, decrease.

The labor force is defined as a) the number of people who have jobs plus those who are currently looking for jobs. b) are qualified and available but unable to find employment. c) would like to have a job but have stopped seeking work. d) would like to have a full-time job but are working part-time. During the 1980s, automobile manufacturers began to replace assembly workers with automated equipment. These workers would become examples of what type of unemployment: a) Frictional unemployment b) seasonal unemployment c) cyclical unemployment d) structural unemployment If the Fed increases the money supply, we would expect that the AD will shift ______, GDP will _____ and the interest rate will _______ a) out, increase, decrease. b) in, increase, increase. c) out, decrease, increase. d) in, decrease, decrease.