A decrease in the wage rate is represented as an upward movement along the labor supply curve
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Which of the following will NOT occur in the short run when the money supply decreases?
A) The interest rate will increase. B) The price level decreases. C) People will buy fewer goods and services. D) Aggregate supply decreases.
Economics
Refer to Figure 16-2. In the graph above, if the economy is at point A, an appropriate fiscal policy by Congress and the president would be to
A) execute an open market sale of government securities. B) increase marginal income tax rates. C) increase government transfer payments. D) lower the discount rate of interest.
Economics