If the demand for labor is plotted against the money wage, with the money wage on the vertical axis, then
a. an increase in the price level will cause the labor demand schedule to shift to the right.
b. an increase in the money wage will cause the labor demand schedule to shift to the left.
c. an increase in the money wage will cause the labor demand schedule to shift to the right.
d. the labor demand schedule will be upward sloping.
A
You might also like to view...
What are the main characteristics of modern economic growth? What is the effect of modern economic growth on the cultural, social and political arrangements of our times?
Please provide the best answer for the statement.
The way in which most persons pay their personal income tax is in the form of
A. quarterly payments throughout the year. B. annual payment by April 15. C. monthly payments as part of mortgage payments. D. payroll withholding during the year.