1.The labor-force participation rate is

• the fraction of adult population above 16 years of age that has chosen to participate in the labor market.
• the sum of the employed and unemployed.
• the fraction of adult population above 16 years of age that is employed in the labor market.
• the fraction of the entire population that is able to participate in the labor market.

2. Suppose the labor force stays constant, and the working-age population stays constant, but a greater number of persons who were unemployed become employed. The labor force participation rate will

• remain constant.
• increase.
• decrease.
• not change in a way that can be predicted.

3. During the 1960s, societal norms regarding working women were changing and many women who had been housewives began working outside the home.

This new norm would causethe labor-force participation rate to:

• increase because the labor force participation rate is the proportion of adults that are working or looking for work.
• decrease because the labor force participation rate is the proportion of adults that are working or looking for work.
• increase because the labor force participation rate is the number of adults that are working or looking for work.
• decrease because the labor force participation rate is the number of adults that are working or looking for work.

4. This new norm would causethe unemployment rate to:

Instructions:Check all that apply.Click each box to empty the box for incorrect answers and then check the box next to the correct answers.

• Remain unchanged in the long run because new jobs will be created
• unanswered
• Increase in the short run because more people will be competing for the same jobs
• unanswered
• Increase in the short run if women have difficulty finding jobs due to a lack of skills and experience
• unanswered
• Decrease in the short run because the labor force will increase
• unanswered
• Decrease in the long run because all of the women will find jobs
• unanswered
• Remain unchanged in the short run because the women will all find jobs