Other things being equal,an increase in labor productivity will shift the labor supply curve to the right.

Name: Other things being equal,an increase in labor productivity will shift the labor supply curve to the right.
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Question

Quizplus · Accepted Answer

An increase in labor productivity typically shifts the labor demand curve to the right, not the labor supply curve, as firms are willing to hire more workers at each wage level due to increased productivity.

Other Things Being Equal,an Increase in Labor Productivity Will Shift