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TRUE or False with explanations please a. Since 1950, the participation rate in the United States has remained roughly constant at 60%. b. Each month,

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TRUE or False with explanations please

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a. Since 1950, the participation rate in the United States has remained roughly constant at 60%. b. Each month, the flows into and out of employment are very small compared to the size of the labor force. c. Fewer than 10% of all unemployed workers exit the unem- ployment pool each year. d. The unemployment rate tends to be high in recessions and low in expansions. e. Most workers are typically paid their reservation wage. f. Workers who do not belong to unions have no bargaining power. g. It may be in the best interest of employers to pay wages higher than their workers' reservation wage. h. The natural rate of unemployment is unaffected by policy changes

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