An increase in labor productivity shifts the A: labor demand curve rightward. B: labor demand curve leftward. C: labor supply curve rightward. D: labor supply curve leftward

An increase in labor productivity shifts the labor ________ curve ________. A: demand; rightward B: demand; leftward C: supply; rightward D: supply; leftward

An advance in technology that increases productivity and an increase in the working-age population results in a A: rightward shift of the labor supply curve. B: rightward shift of the labor demand curve. C: rightward shift of the labor demand curve and of the labor supply curve. D: no change to the production function.

If a firm takes the wage as given, then the supply curve of labor to that firm is

If both the supply of labor and the demand for labor increase, then A: potential GDP decreases. B: potential GDP increases. C: full employment decreases. D: the impact on potential GDP is uncertain

Which of the following will increase the marginal product of labor in the labor market? A: An increase in the price level and the money wage. B: An increase in the real wage. C: A decrease in the capital stock. D: An increase in the supply of labor.

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.

If a firm takes the wage as given, then the supply curve of labor to that firm is A: horizontal. B: vertical. C: upward sloping. D: downward sloping.

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

Which of these factors is least likely to change the natural rate of unemployment A: An unexpected tightening of the money supply reduces aggregate demand. B: Long-term demographic shifts result in fewer young adults in the labor force. C: Labor market deregulation makes it easier for workers to change jobs.