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