Reference no: EM133067277

1. In demographic trends, the increased knowledge and technological change in the form of advances in medicine, public health, and nutrition began to lower mortality rates.

True

False

2. There were shifting preferences for bigger families because of the rising opportunity costs of having children and the lower costs of raising and educating them.

True

False

3. The demographic changes in the country will affect the average life expectancy has risen and the population has aged.

True

False

4. Demographics influence the supply of labour because when mortality rates decline and people live longer, the supply of labour increases.

True

False

5. Older workers typically have lower unemployment rates than other age groups, and they tend to change jobs less frequently.

True

False

6. Affecting the economy's trend growth rate, demographics will likely affect the composition of growth by shaping aggregate consumption, saving and investment decisions.

True

False

7. Changes in demographics couldn't affect the transmission mechanism of monetary policy to the economy,

True

False

8. Demographic implications for monetary policy didn't affect the equilibrium long-term interest rate.

True

False

9. Policies that increase the growth and productivity of the workforce would address not only fiscal imbalances but the downward pressure on longer-run growth from demographics or other surces.

True

False

10. Lower labour mobility means workers may remain in jobs that are not the best match for their skill and knowledge. This would be good for productivity growth.

True

False