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The Figure Below Shows the Relationship Between an Economy's Output

Question 102

Multiple Choice

The figure below shows the relationship between an economy's output and employment.
The figure below shows the relationship between an economy's output and employment. -Refer to the figure above.If the economy is currently on F₂ and produces Y₃ level of output,a leftward shift of the labor demand curve with no change in productivity will cause output to ________. A) decline from Y₃ to Y₁ B) decline from Y₃ to Y₂ C) increase from Y₃ to Y₅ D) increase from Y₃ to Y₄
-Refer to the figure above.If the economy is currently on F₂ and produces Y₃ level of output,a leftward shift of the labor demand curve with no change in productivity will cause output to ________.


A) decline from Y₃ to Y₁
B) decline from Y₃ to Y₂
C) increase from Y₃ to Y₅
D) increase from Y₃ to Y₄

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