Which of the following statements is CORRECT?
A. When the real wage increases, the labor supply curve shifts leftward.
B. None of these statements are correct.
C. When the real wage decreases, the labor supply curve shifts leftward.
D. When the real wage increases, the labor supply curve shifts rightward.
Answer: B. None of these statements are correct.
You might also like to view...
In ________, health care spending per person based on income per person is significantly higher than the average for most other countries
A) the United States B) Austria C) Norway D) Canada
An excess supply will cause price to fall
Indicate whether the statement is true or false
Takeovers and takeover attempts waste valuable capital
a. True b. False Indicate whether the statement is true or false
Which of the following is an example of cyclical unemployment?
A. A worker stays at home to care for children. B. A student goes to school instead of working. C. An autoworker is laid off when auto sales fall due to a recession. D. A fast-food worker quits that job to find a better-paying job.