Answer to Question #51250 in Macroeconomics for bob

Question #51250
State True, False or Uncertain. In the short run, changes in GDP can be thought of as stemming from changes in the employment rate of labour, while in the long run, changes in GDP can be thought of as stemming from changes in the labour force and/or changes in labour productivity (output per employed worker).
1
Expert's answer
2015-03-18T09:16:59-0400
In the short run, changes in GDP can be thought of as stemming from changes in the employment rate of labour, because such indicators can be changed in the short run, while in the long run, changes in GDP can be thought of as stemming from changes in the labour force and/or changes in labour productivity (output per employed worker), because this indicators can be changed only in the long run.
So, the statement is true.

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