An increase in the population will ________potential GDP,________ employment, and ________the real wage.
A) increase; increase; raise.
B) increase; increase; lower
C) decrease; increase; raise
D) increase; decrease; lower
Correct Answer:
Verified
Q20: Country X devoted 70 percent of its
Q21: Shoes are a normal good and peopleʹs
Q22: An increase in the amount of capital
Q23: The accumulated loss of output that results
Q24: The number of companies making shoes decreases.
Q26: The circular flow model shows that GDP
Q27: The labor force is defined as
A) all
Q28: _increases real GDP.
A) An increase in employment
B)
Q29: GDP is defined as
A) generally demanded product.
B)
Q30: An increase in the productivity will _potential
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