What happens to each of the following variables in economic expansions?
A. Output per hour worked
B. Hours worked per worker
C. Employment as a fraction of the labor force
D. Labor force as a fraction of the population
In each case, provide an economic rationale for your answer. Given all these results, what happens to output growth in expansions?
This is a Money and Banking course but there is not subject for it, so I choose Economics because I don't know what else it would be under.