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.

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Definitions:

Legal Immigrants

Individuals who have been granted the right to live permanently and legally within a country that is not their country of birth.

Social Policies

Guidelines, principles, legislation, and activities that affect the living conditions conducive to human welfare, often concerning issues like health, housing, and education.

Supplemental Nutrition

A program or initiative designed to provide additional nutritional support to individuals or groups who may not have adequate access to food for a healthy life.

Public Housing

Residential buildings owned and operated by a government authority, intended to provide affordable housing to low- and moderate-income families.