Which of the following best describes what has happened to the U.S.labor supply and labor demand over the past 50 years?
A) Labor supply increased and labor demand decreased.
B) Both labor supply and labor demand decreased.
C) Labor supply did not change but labor demand increased.
D) Both labor supply and labor demand increased.
E) Labor supply increased but labor demand did not change.
Correct Answer:
Verified
Q35: If you observed that the both the
Q36: Which combination of government policies would be
Q37: Everything else equal,an increase in the demand
Q38: Which combination of government policies would be
Q39: Which of the following statements best describes
Q41: In some developing countries,labor productivity has remained
Q42: The reform of the welfare system passed
Q43: A rightward shift of the economy's labor
Q44: An increase in the corporate profits tax
Q45: An increase in government spending will increase
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents