Question

Look at the trend in the US labor force participation rate. If increasing the number of women and men in the labor force can be accomplished, what will happen to the long-run aggregate supply, and what will happen to real GDP in the long run? Can increasing immigration have this same result? Why or why not?

Answer 1

Answer:

The US participation rate (labor) was at 63.3% in Oct. 2019, and this is the detail from the federal bureau of the Labor Statistics, that publishes this detail each month, And the monthly statistics have always circulated 63%, and this is since 2013, and that since the sharp decline that was noticed during the Great Recession. And we cannot increase from here on as this is maximum. However, if this can happen then it will have a good effect on the GDP in the long run, but this cannot be the case. And this is possible if the population is increased through immigration. And immigration can have a better result as it will increase the labor force, which is being used in maximum current and cannot be increased further currently.

Explanation:

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