15 An increase in the workforce can be expected toa) increase the price level.b) increase long-run aggregate supply (LRAS).Oc) increase wages.O d) decrease aggregate supply (AS).O e) decrease aggregate demand (AD).

In Economics, workforce can also be known as the labour force which includes all the employed and…

An increase in the workforce can be expected to O a) increase the price level. b) increase long-run aggregate supply (LRAS). Od increase wages. Od) decrease aggregate supply (AS). O e) decrease aggregate demand (AD).

An increase in the workforce can be expected to O a) increase the price level. b) increase long-run aggregate supply (LRAS). Od increase wages. Od) decrease aggregate supply (AS). O e) decrease aggregate demand (AD).

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter23: Aggregate Demand And Aggregate Supply

Section: Chapter Questions

Problem 3CQQ

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Question

An increase in the workforce can be expected to
a) increase the price level.
b) increase long-run aggregate supply (LRAS).
Oc) increase wages.
O d) decrease aggregate supply (AS).
O e) decrease aggregate demand (AD).

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