An advance in technology that increases productivity and an increase in the working- age population results in a
A) rightward shift of the labor supply curve.
B) rightward shift of the labor demand curve.
C) movement along the production function.
D) rightward shift of the labor supply curve and of the labor demand curve.
Correct Answer:
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Q171: An increase in physical capital or a
Q172: Employment and (total) potential GDP increase if
Q173: An advance in technology that results in
Q174: An increase in a nation's population results
Q175: A decrease in the real wage rate
A)
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
Q180: The real wage rate will fall if
Q181: The demand for labor curve
A) is upward
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