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What is the effect of an increase in the population? An increase in the population _______.     A. increases the supply of labor and potential GDP   B. increases the real wage rate, increases firms' costs, and decreases potential GDP   C. increases the supply of labor, increases labor productivity, and increases the demand for labor   D. increases the real wage rate and potential GDP

What is the effect of an increase in the population? An increase in the population _______.     A. increases the supply of labor and potential GDP   B. increases the real wage rate, increases firms' costs, and decreases potential GDP   C. increases the supply of labor, increases labor productivity, and increases the demand for labor   D. increases the real wage rate and potential GDP

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What is the effect of an increase in the population?

An increase in the population _______.
 
 
A.
increases the supply of labor and potential GDP
 
B.
increases the real wage rate, increases firms' costs, and decreases potential GDP
 
C.
increases the supply of labor, increases labor productivity, and increases the demand for labor
 
D.
increases the real wage rate and potential GDP
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