Recall the Application about the level of real wages for laborers in England from 1350 to 1550 to answer the following question(s). In 1348, the bubonic plague, also known as the Black Death, arrived in England from Asia and caused a long decline in total population through the 1450s.
-According to this Application, the decline in population resulting from the Black Death caused the ________ curve for labor to shift to the ________.

Question

Quizplus · Accepted Answer

The decline in population resulting from the Black Death caused the supply curve for labor to shift to the left. This means that there were fewer laborers available to work, resulting in an increase in real wages.

Recall the Application About the Level of Real Wages for Laborers