If an aging population results in increased numbers of retirements so that the labor force participation rate declines, what will be the economic effect?
A) Aggregate supply will decrease.
B) Aggregate supply will increase.
C) Aggregate demand will decrease.
D) Aggregate demand will increase.
Correct Answer:
Verified
Q16: Real GDP can increase as a result
Q17: Which one of the following would most
Q18: An increase in government spending
A) leads to
Q19: As consumers increase their planned spending
A) aggregate
Q20: An increase in investment spending by firms
Q22: The downward slope of the aggregate demand
Q23: The open economy effect and the real
Q24: The real balance effect involves the way
Q25: The open economy effect involves the way
Q26: Along a given aggregate demand curve, _
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