A decrease in the population of an economy is likely to lead to lower wages and a lower quantity of labor used.

Name: A decrease in the population of an economy is likely to lead to lower wages and a lower quantity of labor used.
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A decrease in the population of an economy typically leads to a shortage of labor, which can increase wages due to the higher demand for the remaining workers and potentially reduce the quantity of labor used if employers cannot find enough workers.

A Decrease in the Population of an Economy Is Likely