The tables set out information about the economy of Athabasca. Table 1 Production Function Suppose the labor force participation rate of Athabasca decreases. Labor hours Real GDP (millions of dollars) (millions) How do employment, the real wage rate, and potential GDP change? 60 10 115 When the labor force participation rate of Athabasca decreases, employment 15 165 20 210 O A. oither increases or decreases, but we don't know for sure 25 250 O B. decreases Table 2 Labor Market O C. does not change Quantity of labor demanded Quantity of labor supplied Real wage O D. increases rate (dollars per hour) 12 (millions of hours per year) 5 25 11 10 20 10 15 15 9. 20 10 8. 25

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