Which of the following statements is CORRECT?
A) When workers become more productive, the demand for labor curve shifts rightward.
B) When technology decreases, the supply of labor curve shifts leftward.
C) When labor force participation increases, the supply of labor curve shifts leftward.
D) When human capital increases, the demand for labor curve shifts leftward.
Correct Answer:
Verified
Q141: If the demand for labor increases
I. employment
Q142: An advance in technology will
A) not shift
Q143: An increase in physical capital or a
Q144: If real GDP is $800 million and
Q145: Labor productivity equals
A) real GDP divided by
Q147: An advance in technology shifts the production
Q148: If real GDP is $13,000 billion and
Q149: If real GDP is $13,500 billion and
Q150: If both the supply of labor and
Q151: Dividing the value of real GDP by
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