What is the impact on the labour market due to a reduction the productivity of workers? Select one: O a. labour demand shifts to the left; wage rate decreases and level of employment decreases O b. labour supply shifts to the left; wage rate increases and level of employment is lower O. labour supply shifts to the right; wage rate decreases and level of employment is higher O d. labour demand shifts to the right; wage rate increases and level of employment increases

What is the impact on the labour market due to a reduction the productivity of workers? Select one: O a. labour demand shifts to the left; wage rate decreases and level of employment decreases O b. labour supply shifts to the left; wage rate increases and level of employment is lower O. labour supply shifts to the right; wage rate decreases and level of employment is higher O d. labour demand shifts to the right; wage rate increases and level of employment increases

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter14: A Macroeconomic Theory Of The Open Economy

Section: Chapter Questions

Problem 2CQQ

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