When drawn against the current real wage, the labor demand curve shift to the right if

A) the interest rate increases.
B) current taxes increase.
C) total factor productivity increases.
D) future capital increases.

C

Economics

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When is policy convergence, also known as Downsian policy convergence, likely to occur among political parties?

What will be an ideal response?

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Over the past thirty years in the U.S., increases in labor demand have been __________ than increases in labor supply so that wages on average have __________

a. smaller; increased b. larger; increased c. smaller; decreased d. larger; decreased e. larger; stayed constant

Economics