Holding other factors constant, if the retirement of many in people in the post-war baby boom generation reduces the portion of the population is the labor force, then the real wages of workers will ________ and employment of workers will ________.
A. increase; increase
B. decrease; not change
C. decrease; increase
D. increase; decrease
Answer: D
Economics
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a. True b. False Indicate whether the statement is true or false
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Which of the following occurs when an expansionary gap is closed in the long run by the action of firms?
What will be an ideal response?
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