An increase in the population and hence the supply of labor causes a
A) surplus of labor at the original real wage rate and the real wage rate will fall.
B) shortage of labor at the original real wage rate and the real wage rate will rise.
C) surplus of labor at the original real wage rate and the real wage rate will rise.
D) shortage of labor at the original real wage rate and the real wage rate will fall.
Correct Answer:
Verified
Q128: An increase in a nationʹs population results
Q129: If the labor and capital grow more
Q130: Potential GDP per labor hour can increase
Q131: When the population increases with no change
Q132: Labor growth depends mainly on and labor
Q134: Labor productivity is defined as
A) the growth
Q135: If the population increases, then potential GDP
Q136: If real GDP is $13,000 billion and
Q137: Labor productivity is
A) the rate of change
Q138: The real wage rate will fall if
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