Doing httpsdatablsgovtimeseriesLNS11300000 Look at the trend

Doing: https://data.bls.gov/timeseries/LNS11300000

Look at the trend in the US labor force participation rate. If increasing the number of women and men in the labor force can be accomplished, what will happen to the long-run aggregate supply, and what will happen to real GDP in the long run? Can increasing immigration have this same result? Why or why not?

Solution

Increasing the labor force in an economy will shift the long run aggregate supply of the economy rightwards. This will lead to increase in National output of the economy and thus real GDP of the economy will increase in the long run as more number of men and women enter the labor force.

Yes, increasing immigration of foreign nationals in the country will increase the labor force participation rate of the country and thus long run and short run aggregate supply of the economy will shift rightwards.This will increase real GDP of the economy in the long run.