How will each of the following scenarios impact the market for labour The income tax rate is increased. Impact on demand for labour Choose... Impact on supply of labour Impact on wage rate Impact on employment level Choose... Choose... Choose... < <

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
Problem 8P
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How will each of the scenarios affect market labour? Options for questions are in the photos attached.

 

How will each of the following scenarios impact the market for labour
The income tax rate is increased.
Impact on demand for labour
Impact on supply of labour
Impact on wage rate
Impact on employment level
Choose...
Choose...
Choose...
Choose...
<<
Transcribed Image Text:How will each of the following scenarios impact the market for labour The income tax rate is increased. Impact on demand for labour Impact on supply of labour Impact on wage rate Impact on employment level Choose... Choose... Choose... Choose... <<
employment unchanged
shift outwards / to
the right
wage rate unchanged
increase wage rate
curve unchanged
(movement along the
curve)
increase employment
decrease employment
shift inwards / to the left
decrease wage rate
Transcribed Image Text:employment unchanged shift outwards / to the right wage rate unchanged increase wage rate curve unchanged (movement along the curve) increase employment decrease employment shift inwards / to the left decrease wage rate
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