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

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

Principles of Economics, 7th Edition (MindTap Course List)

7th Edition

ISBN:9781285165875

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter19: Earnings And Discrimination

Section: Chapter Questions

Problem 3PA

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What is the impact on the labour market due to a reduction in income tax rate? Select one: a. labour supply shifts to the left; wage rate increases and level of employment is lower a. labour supply shifts to the left; wage rate increases and level of employment is lower b. labour demand shifts to the right; wage rate increases and level of employment increases b. labour demand shifts to the right; wage rate increases and level of employment increases c. labour supply shifts to the right; wage rate decreases and level of employment is higher c. labour supply shifts to the right; wage rate decreases and level of employment is higher d. labour demand shifts to the left; wage rate decreases and level of employment decreases
3. Describe any five important differences between the labour market and the goods market.
1. Describe with the use of diagam how the wage rate and level of employment are determined if the labor market is purely competitive
1. Describe how the wage rate and level of employment are determined if the labor market is purely competitive
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