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.
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.
举一反三
- 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
- 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.
- 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
- When the interest rate falls in the money market, the quantity of money demanded ________ and the quantity of money supplied ________. A: increases; decreases B: decreases; increases C: stays the same; decreases D: increases; stays the same
- Potential GDP per labor hour can increase due to A: increases in labor productivity. B: increases in the quantity of money. C: increases in population. D: decreases in the quantity of capital.