A demographic change that increases the labor supply shifts the long-run aggregate supply curve to the right. Select one: a. False. b. True.

Changes in the capital stock occur _____, and changes in the amount of labor that firms employ occur _____. Select one: a. slowly; slowly b. slowly; quickly c. quickly; slowly d. quickly; quickly

A rise in the price of a bond causes the yield of the bond to fall. Select one: a. False. b. True. What is the participation rate if there are 75 million people in the labor force, 100 million people employed, and 25 million not in the labor force? Select one: a. 75% b. 67% c. 80% d. 83%

The uses-of-saving identity shows that if the government budget deficit falls, then one of the following must happen. Select one: a. Private saving must fall, investment must fall, and/or the current account must rise. b. Private saving must fall, investment must fall, and/or the current account must fall. c. Private saving must fall, investment must rise, and/or the current account must fall. d. Private saving must fall, investment must rise, and/or the current account must rise.