If the workers of a firm successfully negotiate an increase in wages, which of the following is most likely to happen?
A) The demand curve for the product the firm produces shifts rightward.
B) The demand curve for the product the firm produces shifts leftward.
C) The supply curve of the product the firm produces shifts rightward.
D) The supply curve of the product the firm produces shifts leftward.
D
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Firms in an oligopoly often do not collude with each other because ________
A) collusion lowers profit B) collusion increases the cost of production C) collusion is illegal D) collusion increases competition
Increased liquidity in recent decades has reduced interest rates on which of the following assets (holding constant all other things that affect interest rates)?
A) U.S. government bonds B) bonds issued by large corporations C) business loans D) bonds issued by state governments