If both the supply of labor and the demand for labor increase, then
A) potential GDP decreases.
B) potential GDP increases.
C) full employment decreases.
D) the impact on potential GDP is uncertain.
Correct Answer:
Verified
Q145: Labor productivity equals
A) real GDP divided by
Q146: Which of the following statements is CORRECT?
A)
Q147: An advance in technology shifts the production
Q148: If real GDP is $13,000 billion and
Q149: If real GDP is $13,500 billion and
Q151: Dividing the value of real GDP by
Q152: An advance in technology that increases productivity
Q153: If the nation's capital stock increases so
Q154: An advance in technology increases the productivity
Q155: An advance in technology that results in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents