If the market wage rate increases, a firm's labor demand curve does not shift but the labor supply curve shifts to the right

Indicate whether the statement is true or false

FALSE

Economics

You might also like to view...

During the postbellum period, per capita real output could not keep pace with population growth

Indicate whether the statement is true or false

Economics

Given the information above, the demand is

a. unitary. b. indeterminate. c. elastic. d. inelastic.

Economics