Which of the following would shift a market labor supply curve to the right?
a. an increase in the price of output
b. an increase in immigration
c. a labor-saving technological change
d. a decrease in the wage rate
b
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Fixed investment includes spending on all of the following goods except: a. machinery
b. inventory. c. tools. d. factory buildings.
According to the PowerPoint slides for Chapter 2, Socialism is an economic system that
Firms in a given industry are affected by the tariff imposed on the product they sell, but not by the tariffs imposed on their purchased inputs.
Answer the following statement true (T) or false (F)
Holding nominal money balances constant, a decrease in the price level
A. causes the real value of the money balances to increase, in turn increasing total planned real expenditures. B. causes the real value of the money balances to increase, thereby increasing the interest rate. C. generates a reduction in the value of the money balances, leading to higher interest rates and a decrease in total planned real expenditures. D. causes the real value of the money balances to decrease, in turn decreasing total planned real expenditures.