If Both the Supply of Labor and the Demand for Labor

question 73

Multiple Choice

If both the supply of labor and the demand for labor increase, then

• A) potential GDP decreases.
• B) potential GDP increases.
• C) full employment decreases.
• D) the impact on potential GDP is uncertain.

---

Definitions:

Personal Selling

A sales method involving direct face-to-face interaction between a salesperson and a prospective buyer to persuade the buyer to make a purchase.

Coffeemaker

A kitchen appliance used for brewing coffee by automatically heating water and directing it over ground coffee beans.

Intangible Activities

Tasks or operations that do not result in a physical product but provide value or service to customers.

Market Research

Market research is the process of gathering, analyzing, and interpreting information about a market, including info about the target market, competitors, and customers, to inform business decisions.