Recessions are periods of:
A) leftward shifts in labor supply. B) rightward shifts in labor supply.
C) rightward shifts in labor demand. D) leftward shifts in labor demand.
D
Economics
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The supply curve of truck drivers is upward sloping and demand curve is downward sloping. A reduction in the price of hauling freight by truck relative to the price of hauling freight by rail will ____ the equilibrium wage of truck drivers and ____ the number of drivers employed
a. decrease; decrease b. decrease; increase c. increase; decrease d. increase; increase
Economics
For most industrial nations, health-care costs have increased faster than the rate of inflation.
Answer the following statement true (T) or false (F)
Economics