Which of the following is likely to cause an increase in both the wage rate and the level of employment in an industry?
A) A left shift in the supply curve for labor, without any change in the demand curve for labor
B) A left shift in the demand curve for labor, without any change in the supply curve for labor
C) A right shift in the supply curve for labor, without any change in the demand curve for labor
D) A right shift in the demand curve for labor, without any change in the supply curve for labor
D
You might also like to view...
If the marginal private benefit of attending college for Shelly is $40,000 and the marginal external benefit is $15,000, she will attend college if the cost of attendance is no more than
A) $55,000. B) $45,000. C) $40,000. D) $25,000. E) $15,000.
The price of admission to Walt Disney World
A) is the same for everyone. B) is kept low to attract customers, but prices of food and souvenirs inside the park vary by your age, address and other factors. C) can vary by your age and address. D) is determined by the weather on the day of admission.
A Keynesian model is one in which prices are sticky:
a. in the short run only. b. in the short run and in the long run. c. in the long run only. d. so that they never depend on the money supply.
"Subprime mortgage loans" refer to:
A. high-interest-rate loans to home buyers with above-average credit risk. B. home-buying loans that charge interest rates below the prime interest rate. C. loans to buyers of homes that are in need of substantial repair. D. loans from the Federal Reserve to home mortgage lenders to support a greater volume of home-buying loans at affordable interest rates.