The figure above shows the U.S. supply of labor curve. What was the affect of the decline in birth rates during the 1960s and 1970s on the supply of labor curve in the 1980s?
A) a rightward shift of the supply of labor curve
B) the supply of labor curve became steeper
C) a movement downward along the supply of labor curve from a point such as A to a point such as B
D) a leftward shift of the supply of labor curve
E) None of the above answers is correct because there was no change in the supply of labor curve.
D
Economics
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Monetizing the debt is a way of turning debt into money and reducing the burden of the debt
a. True b. False Indicate whether the statement is true or false
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If the producers' surplus is $50, and the consumers' surplus is $40, then what is the minimum selling price of the good?
A) $10 B) $40 C) $50 D) $90 E) There is not enough information to answer the question.
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