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.
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.
举一反三
- An increase in labor productivity shifts the labor ________ curve ________. A: demand; rightward B: demand; leftward C: supply; rightward D: supply; leftward
- 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 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 a government fines and/or imprisons convicted drug dealers, it is attempting to reduce the illegal drug trade by shifting the ________ curve for illegal drugs ________. A: demand; rightward B: demand; leftward C: supply; rightward D: supply; leftward
- Rising oil prices in the U.S. during the 1970s caused the economy’s ( ) A: aggregate supply curve to shift to the right. B: aggregate supply curve to shift to the left. C: aggregate demand curve to become vertical. D: aggregate demand curve to become horizontal.