An increase in the population and hence the supply of labor causes a
A: shortage of labor at the original real wage rate and the real wage rate will fall.
B: surplus of labor at the original real wage rate and the real wage rate will rise.
C: surplus of labor at the original real wage rate and the real wage rate will fall.
D: shortage of labor at the original real wage rate and the real wage rate will rise.
A: shortage of labor at the original real wage rate and the real wage rate will fall.
B: surplus of labor at the original real wage rate and the real wage rate will rise.
C: surplus of labor at the original real wage rate and the real wage rate will fall.
D: shortage of labor at the original real wage rate and the real wage rate will rise.
举一反三
- Because the productivity of labor decreases as the quantity of labor employed increases, A: the quantity of labor a firm demands increases as the real wage rate decreases. B: the quantity of labor a firm demands increases as the money wage rate decreases. C: the labor demand curve shifts right as the real wage rate decreases. D: the aggregate production function shifts upward as the real wage rate decreases.
- An increase in taxes on labor income shifts the labor supply curve ________ and the ________. A: leftward; after-tax wage rate falls B: rightward; before-tax wage rate rises C: leftward; after-tax wage rate rises D: rightward; before-tax wage rate falls
- In the labor market, an increase in labor productivity ________ the real wage rate and ________ the level of employment. A: raises; increases B: raises; decreases C: lowers; increases D: lowers; decreases
- The replacement ratio is A: the reservation wage divided by the wage rate offered on a new job B: the reduction in real GDP caused by a 1 percent reduction in unemployment benefits C: after-tax income while unemployed divided by after-tax income while employed D: the wage rate offered on a new job divided by unemployment benefits E: the increase in the unemployment rate caused by a 1 percent increase in the inflation rate
- What is the result of a tighter labor market? A: It can produce wage growth. B: It can increase unemployment rate. C: It can produce wage reduction D: It can lower unemployment rate