A decrease in the wage rate is represented by a(n):
a. upward movement along the labor supply curve.
b. downward movement along the labor supply curve.
c. rightward shift of the labor supply curve
d. leftward shift of the labor supply curve.
b
You might also like to view...
The law of diminishing marginal returns shows the relationship between
A. accounting and economic profits." B. inputs and outputs for a firm in the long run. C. inputs and outputs for a firm in the short run. D. short run inputs and long run outputs for a firm
What is the relationship between aggregate planned expenditure and real GDP at equilibrium expenditure?
What will be an ideal response?
In 2013, new stock sales accounted for ____ in corporate financing because corporations bought back some of their stock
a. $2 billion b. -$384 billion c. $1 trillion d. ?$65 billion
When there is an expansionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; expand B. increase; raise; decline C. decline; lower; decline D. decline; raise; decline