Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
how the Federal Reserve Board (Fed) and Congressional legislation can influence the quantity of labor?
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Step 1
The size of a nation's workforce, inside a given all out populace, relies upon two factors: the extent of the all out populace that is of working age and the extent of these who work for gain. The restrictions of working age are normally taken to be laid out by the base school-leaving age and the predominant pensionable age.
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