Which of the following is likely to cause a decrease in the wage rate and an increase in the employment level of a country?

Question

Quizplus · Accepted Answer

When the supply curve of labor shifts to the right (option C), it means there is an increase in the number of available workers for employment. This leads to an increase in competition among workers for jobs, which puts downward pressure on wages. Employers can then hire more workers at reduced wages, resulting in an increase in the employment level. The other options (A, B, and D) all involve a leftward shift in either demand or supply curves for labor, which, in turn, leads to a reduction in the number of jobs, and hence the employment level.

Which of the Following Is Likely to Cause a Decrease