An increase in a nation's population results in
A) a movement along the production function.
B) a leftward shift in the labor supply curve.
C) an upward shift in the production function.
D) Both answers A and C are correct.
Correct Answer:
Verified
Q141: If the demand for labor increases
I. employment
Q169: If the population increases, then potential GDP
Q171: An increase in physical capital or a
Q172: Employment and (total) potential GDP increase if
Q173: An advance in technology that results in
Q175: A decrease in the real wage rate
A)
Q176: An advance in technology that increases productivity
Q177: An increase in a nation's population results
Q178: If new capital increases labor productivity, the
Q179: An increase in the working- age population
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