What will happen to the supply of workers 18 to 21 years after a baby boom?
Answer: it will increase, because of the influx of new adults into the labor market.
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Each governor on the Board of Governors can serve
A) only one nonrenewable fourteen-year term. B) one full nonrenewable fourteen-year term plus part of another term. C) only one nonrenewable eight-year term. D) one full nonrenewable eight-year term plus part of another term.
The more essential the good, the more price inelastic will be the demand for a good
Indicate whether the statement is true or false
Infrastructure improvements are more important to Keynesian economics than to supply-side economics.
Answer the following statement true (T) or false (F)
People's incomes are relatively low when they are young, reach a peak in middle age, and then decline. This fact helps explain:
A. the wide variations of Gini ratios among nations. B. the equality-efficiency trade-off. C. why the lifetime distribution of income is more equal than the distribution in any given year. D. why the lifetime distribution of income is less equal than the distribution in any given year.