Economics (6th Edition)
Economics (6th Edition)
6th Edition
ISBN: 9780134105840
Author: R. Glenn Hubbard, Anthony Patrick O'Brien
Publisher: PEARSON
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Chapter 21, Problem 21.1.14PA

Sub part (a):

To determine

Consequence of shifting of labor in GDP (Gross Domestic Product) growth rate of the country.

Sub part (b):

To determine

Consequence of shifting of labor in GDP (Gross Domestic Product) growth rate of the country.

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If food is produced in the U.S., sold in the U.S. and consumed in the U.S., a reduction in its price will have which of the following effects ______? Two of the answers are correct. The consumer price index will decrease. None of the answers are correct. The GDP deflator will decrease.
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