Question: After you have studied Reading Between the Lines on pp. 692693, answer the following questions. a. What are the main features of the labour force

After you have studied Reading Between the Lines on pp. 692—693, answer the following questions.
a. What are the main features of the labour force participation rate in Canada and the United States since 2000?
b. What are the main features of the employment rate (employment-to-population ratio) in Canada and the United States since 2000?
c. What are the main features of the unemployment rate in Canada and the United States since 2000?
d. Use the AS—AD model to show the changes in aggregate demand and aggregate supply that are consistent with the paths followed by employment in Canada and the United States from 2000 to 2006.
e. Use the AS—AD model to show the changes in aggregate demand and aggregate supply that are consistent with the paths followed by employment in Canada and the United States in 2007 to 2011.

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a The Canadian labour force participation rate increased from 66 percent in 2001 to almost 68 percent in 2003 It has since leveled off at about 67 per... View full answer

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