Any change that increases the quantity of labor supplied at all wage rates will ________, assuming all else equal
A) shift the labor supply curve to the left
B) cause an upward movement along the labor supply curve
C) shift the labor supply curve to the right
D) cause a downward movement along the labor supply curve
C
You might also like to view...
A bank has deposits of $400, reserves of $50, and the desired reserve ratio is 7 percent. The bank's excess reserves are
A) $28. B) $50. C) $22. D) $0. E) $3.50
The capture theory of regulation is that regulations
A) help producers to maximize economic profits. B) mean producers suffer losses. C) result in diseconomies of scale. D) benefit society, not producers. E) benefit the regulators, not the producers or the consumers.
You earn $500 a month, currently have $200 in currency, $100 in your checking account, $2,000 in your savings accounts, $3,000 worth of illiquid assets and $1,000 of debt. You have
A) money = $2,300, annual income = $6,000, and wealth = $5,000. B) money = $300, annual income = $6,000, and wealth = $4,300. C) money = $300, annual income = $6,000, and wealth = $5,000. D) money = $200, annual income = $500, and wealth = $4,300.
Explain why input demand curves slope downward using the concepts of the factor substitution effect and the output effect
What will be an ideal response?