Since the Great Recession,which began in 2008,the U.S.labor supply curve has shifted to the left because many workers were disillusioned by bad job prospects and left the labor force.

Question

Quizplus · Accepted Answer

This statement is true. The Great Recession led to a decrease in job opportunities and many individuals became disheartened with the labor market, causing them to leave the labor force. As a result, the labor supply curve shifted to the left, meaning there were fewer workers available for employment.

Since the Great Recession,which Began in 2008,the U