The increased willingness of women to enter the workforce has most likely lead to

Question

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When more women join the workforce, it leads to an increase in labor supply. This increase in labor supply can lead to higher real wages, as firms have a larger pool of workers to choose from, which can drive up wages. However, the increase in labor supply can also lead to a lower price level, as firms may have lower labor costs, which can enable them to lower prices. Therefore, both B and C may be partially correct, but B is the best choice as it includes the possibility of a lower price level. Option A is incorrect as an increase in labor demand would typically occur if there were more job openings than workers to fill them, which is less likely when more workers enter the labor force. Option D is incorrect as a decrease in labor demand could occur if there is less demand for goods and services produced by workers in the labor force, which is not necessarily the case when more women enter the workforce. Option E is incorrect as one of the choices is correct.

The Increased Willingness of Women to Enter the Workforce Has