Q)If a country's working-age population declines and its wealth increases, then the labor supply curve a) shifts to the left if the effect of the change in wealth is bigger than the effect of the change in the working-age population. b)shifts to the right if the effect of the change in wealth is bigger than the effect of the change in the working-age population. c)shiftsto the left. d)shifts to the right. What is the answer?
Q)If a country's working-age population declines and its wealth increases, then the labor supply curve a) shifts to the left if the effect of the change in wealth is bigger than the effect of the change in the working-age population. b)shifts to the right if the effect of the change in wealth is bigger than the effect of the change in the working-age population. c)shiftsto the left. d)shifts to the right. What is the answer?
Chapter30: The Labor Market
Section: Chapter Questions
Problem 13E
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Q)If a country's working-age population declines and its wealth increases, then the labor supply curve
a) shifts to the left if the effect of the change in wealth is bigger than the effect of the change in the working-age population.
b)shifts to the right if the effect of the change in wealth is bigger than the effect of the change in the working-age population.
c)shiftsto the left.
d)shifts to the right.
What is the answer?
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