Which of the following would cause the demand for labor to change?
a. changes in the supply curve of labor
b. changes in the workers' opportunity costs
c. changes in the wage rate
d. movements along the demand curve for labor
e. changes in the price of the good
E
You might also like to view...
The combination of a successful wage push by workers and the government's commitment to high employment leads to
A) demand-pull inflation. B) supply-side inflation. C) supply-shock inflation. D) cost-push inflation.
Following adjustments to a new equilibrium in a market, the equilibrium quantity remains unchanged, but the market clearing price is now lower. Which of the following could definitely have caused this outcome?
A) Demand and supply both increased. B) Demand and supply both decreased. C) Demand increased, and supply decreased. D) Demand decreased, and supply increased.
Which of the following would you need to know to calculate the unemployment rate?
a. the size of the active military b. the number of discouraged workers c. the size of the civilian labor force d. the number of workers still enrolled in high school
A merger between Bank of America and Citibank would be a ____ merger.
Fill in the blank(s) with the appropriate word(s).