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