Question 6 In the long-run, an increase in the labour force leads to a decrease in the equilibrium price level and an increase in real GDP. B a decrease in the equilibrium price level and real GDP Can increase in the equilibrium price level and a decrease in real GDP

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter22: Aggregate Demand And Aggregate Supply
Section: Chapter Questions
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Question 6
In the long-run, an increase in the labour force leads to
a decrease in the equilibrium price level and an increase in real GDP.
B a decrease in the equilibrium price level and real GDP
Can increase in the equilibrium price level and a decrease in real GDP
Transcribed Image Text:Question 6 In the long-run, an increase in the labour force leads to a decrease in the equilibrium price level and an increase in real GDP. B a decrease in the equilibrium price level and real GDP Can increase in the equilibrium price level and a decrease in real GDP
D
an increase in the equilibrium price level and real GDP
Transcribed Image Text:D an increase in the equilibrium price level and real GDP
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