-As a Result of the Rightward Shift in the Demand

question 290

Multiple Choice

-As a result of the rightward shift in the demand curve for labor from LD? to LD?, the equilibrium level of employment ________ and potential GDP ________.

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

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Definitions:

Opportunity Cost

The value of the best alternative forgone when a choice is made between competing options.

Additional Project

An extra task or plan of action that is undertaken to achieve a specific goal or objective.

Space Shuttle Launch

The process of propelling the Space Shuttle, a partially reusable low Earth orbital spacecraft system, from the Earth's surface through the atmosphere into space.

NASA

The United States government agency responsible for the nation's civilian space program and for aeronautics and aerospace research.