Beginning in the late 1960s, the number of entrants to the labor market increased as the baby boom generation reached working age. In addition, labor force participation rates for women began to...

Beginning in the late 1960s, the number of entrants to the labor market increased as the baby boom generation reached working age. In addition, labor force participation rates for women began to increase in the mid-1960s. What effect do you think these demographic factors had on the U.S. natural rate of unemployment at the time? What effect did they have on the natural rate of output?