An Increase in the Working-Age Population Results in a

question 112

Multiple Choice

An increase in the working-age population results in a

• A) rightward shift of demand for labor curve and an increase in potential GDP.
• B) rightward shift of the demand for labor curve and no change in potential GDP.
• C) rightward shift of the supply of labor curve and an increase in potential GDP.
• D) leftward shift of the supply of labor curve and a decrease in potential GDP.

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Definitions:

Job Description

A formal document that outlines the duties, responsibilities, required qualifications, and reporting relationships of a specific job.

Organizational Chart

A visual representation of the structure of an organization, showing the relationships and relative ranks of its parts and positions/jobs.

Job Analysis

is the process of studying and collecting information regarding the duties, responsibilities, necessary skills, outcomes, and work environment of a specific job.

Cultural Dimension

A framework for understanding cultural differences in values, behaviors, and communication styles.