Use the Figure Below to Answer the Following Question

question 59

Multiple Choice

Use the figure below to answer the following question.

Figure 22.3.3
-Refer to Figure 22.3.3.As a result of the rightward shift in the demand curve for labour from LD? to LD?,the equilibrium level of employment ________,potential GDP ________,and potential GDP per hour of labour ________.

• A)increases;increases;increases
• B)increases;decreases;increases
• C)decreases;increases;decreases
• D)decreases;decreases;decreases
• E)increases;increases;decreases

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Definitions:

Middle Class

A socio-economic group between the working class and upper class, characterized by moderate income, education, and usually employment in professional or managerial positions.

Youngest Populations

Regions or countries with a high proportion of children and young adults relative to their total population.

Global Product Strategy

A business approach that involves designing, developing, and marketing products with the global market in mind rather than focusing on individual countries.

Firm's Opportunities

Potential advantageous situations that a business can exploit to increase its value or market position.