The demand for labor would most likely become less inelastic as a result of:
A. A decrease in the elasticity of the demand for the product that the labor produces
B. A decrease in the time for employers to make technological changes or purchase new equipment
C. A decrease in the proportion of labor costs to total costs
D. An increase in the proportion of labor cost to total costs
D. An increase in the proportion of labor cost to total costs
Economics
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Capital can be treated as a free resource
Indicate whether the statement is true or false
Economics
If aggregate demand shifts outward over a long period of time, with aggregate supply held constant, the economy should experience
a. unemployment. b. recession. c. budget surpluses. d. inflation.
Economics