The figure above shows a local lawn cutting service's demand for labor curve when the price of cutting an acre of lawn is $50 per acre. If the wage rate rises from $100 per day to $200 per day, the firm's demand for labor curve
A) shifts leftward.
B) shifts rightward.
C) does not shift at all, but the firm moves upward along the curve.
D) None of the above because this change shifts the supply of labor curve.
C
Economics
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Efforts to balance the federal government's budget by raising taxes provided a buffer to the economic downturn of the Great Depression
Indicate whether the statement is true or false
Economics
According to real-business-cycle theory, recessions are caused by:
A. Deviations of aggregate supply from long-term growth trends B. Monetary factors affecting aggregate demand C. People choosing leisure rather than work D. A decline in the supply of money
Economics