An increase in the value people place on their actual time spent working will shift the labor ________ curve to the ________.

Question

Quizplus · Accepted Answer

An increase in the value people place on their actual time spent working means that they are less willing to work for the same wage. This will shift the labor supply curve to the left, as people will be willing to supply less labor at each wage rate.

An Increase in the Value People Place on Their Actual