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What impact would a decrease in the size of the labour force have on GDP and the price level according to the AD/AS model?

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter17: Economic Growth: Resources, Technology, Ideas And Institutions

Section17.2: A Production Function And Economic Growth

Problem 1ST

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What impact would a decrease in the size of the labour force have on GDP and the price level according to the AD/AS model?

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