An increase in the population will ________ potential GDP,________ employment,and ________ the real wage.
A) decrease; increase; raise
B) increase; increase; raise
C) increase; decrease; lower
D) increase; increase; lower

Question

Quizplus · Accepted Answer

An increase in population raises potential GDP due to a larger labor force, increases employment as more people are available to work, and lowers the real wage due to increased labor supply.

An Increase in the Population Will ________ Potential GDP,________ Employment,and

An Increase in the Population Will Potential GDP, Employment,and