a-country-with-a-rapidly-aging-population-is-seeing-a-decrease-in-the-number-of-

Question

A country with a rapidly aging population is seeing a decrease in the number of working-age individuals. What is the expected impact on the labor supply curve?

Accepted Answer

The labor supply curve will shift to the left.

Answer

The labor supply curve will remain unchanged.

Answer

The labor supply curve will become more elastic.

Answer

The labor supply curve will shift to the right.