If firms start offering fewer employment benefits, such as less vacation time and a less desirable medical plan, we would expect the labor ________ curve to shift to the ________.

Question

Quizplus · Accepted Answer

If firms start offering fewer employment benefits, workers may be less willing to work for those firms, resulting in a decrease in the supply of labor, and a shift to the left in the labor supply curve. This would lead to higher wages and potentially higher unemployment. Therefore, the correct answer is D, supply; left.

If Firms Start Offering Fewer Employment Benefits, Such as Less