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Answer to Question #226618 in Macroeconomics for Zola
Question #226618
A decrease in the supply of labour results in:
- an increase in the real wage rate and no change in potential GDP.
- a decrease in the real wage rate and an increase in potential GDP.
- an increase in the real wage rate and a decrease in potential GDP.
- a decrease in the real wage rate and no change in potential GDP.
Expert's answer
- an increase in the real wage rate and a decrease in potential GDP.
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#340153 on Dec 2023
#340153 on Dec 2023
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