Which of the following is likely to cause a decrease in the wage rate and an increase in the employment level of a country?
A) A left shift in the demand curve for labor, without any change in the supply curve for labor
B) A left shift in the supply curve for labor, without any change in the demand curve for labor
C) A right shift in the supply curve for labor, without any change in the demand curve for labor
D) A right shift in the demand curve for labor, without any change in the supply curve for labor
C
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Which of the following does NOT shift the aggregate demand curve?
A) a change in the money wage B) a change in expectations about the future C) a change in fiscal policy D) a change in monetary policy E) a change in foreign income
How does expansionary monetary policy increase spending in the economy compared to how expansionary fiscal policy increases spending in the economy?
What will be an ideal response?