Macroeconomics
10th Edition
ISBN: 9780134896441
Author: ABEL, Andrew B., BERNANKE, Ben, CROUSHORE, Dean Darrell
Publisher: PEARSON
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Question
Chapter 3, Problem 7RQ
To determine
Variables related by the aggregate labor supply curve and factors that cause a shift in the curve.
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Check out a sample textbook solutionStudents have asked these similar questions
Refer to the graph to answer this question. Which of the following will make Labor Demand for Grotto Pizza shift from D1 to D2?
A. Less people want to eat at Grotto pizza.
B. More people move to Delaware from other states.
C. More people want to eat at Grotto Pizza.
D. More people move to Delaware from other countries.
After World War II, social norms relating to women’s participation in the labor force relaxed and women were more likely to be employed outside the home. We would expect to see the labor supply curve:
Not shift, but move downward along the curve.
shift left.
shift right.
Not shift, but move upward along the curve.
Use the graph to answer the question that follows.
Based on the graph, which of the following factors can cause the market labor demand curve in the automotive industry to shift from D1 to D2?
A-A decrease in the human capital of automotive workers
B-An increase in the cost of robotics used as a labor substitute
C-An increase in immigration from foreign countries
D-An increase in the wage rate of automotive workers
E-A decrease in the marginal revenue product of labor
Chapter 3 Solutions
Macroeconomics
Ch. 3 - Prob. 1RQCh. 3 - Prob. 2RQCh. 3 - Prob. 3RQCh. 3 - Prob. 4RQCh. 3 - Prob. 5RQCh. 3 - Prob. 6RQCh. 3 - Prob. 7RQCh. 3 - Prob. 8RQCh. 3 - Prob. 9RQCh. 3 - Prob. 10RQ
Ch. 3 - Prob. 11RQCh. 3 - Prob. 12RQCh. 3 - Prob. 13RQCh. 3 - Prob. 14RQCh. 3 - Prob. 15RQCh. 3 - Prob. 1NPCh. 3 - Prob. 2NPCh. 3 - Prob. 3NPCh. 3 - Prob. 4NPCh. 3 - Prob. 5NPCh. 3 - Prob. 6NPCh. 3 - Prob. 7NPCh. 3 - Prob. 8NPCh. 3 - Prob. 9NPCh. 3 - Prob. 10NPCh. 3 - Prob. 1APCh. 3 - Prob. 2APCh. 3 - Prob. 3APCh. 3 - Prob. 4APCh. 3 - Prob. 5APCh. 3 - Prob. 6APCh. 3 - Prob. 7AP
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Similar questions
- Which of the following best describes what has happened to the U.S. labor supply and labor demand over a century? a. Increases in labor supply have outpaced increases in labor demand. b. Labor supply increased and labor demand decreased. c. Labor demand increased and labor supply decreased. d. Increases in labor demand have outpaced increases in labor supply.arrow_forwardWhich of the following correctly explains the effect of a variable on the labor demand curve? A. If human capital increases, then we will move up the labor demand curve. B. If the price of the product increases, then the labor demand curve will shift to the left. C. If the number of firms in the market increases, then the labor demand curve will shift to the right. D. If the wage increases, then the labor demand curve will shift to the right.arrow_forwardWhich of the following could shift the labor supply curve and increase employment? a. increased federal funding for education b. increased spending on training c. an increase in income tax rates d. an increase in the number of firms e. a decrease in income tax ratesarrow_forward
- The labor demand curve slopes downward because a. firms wish to hire fewer workers as the wage rate increases b. firms wish to hire more workers as the wage rate increases c. firms wish to supply fewer workers as the wage rate increases d. households wish to hire fewer workers as the wage rate decreasesarrow_forwardMatch the following with the correct answer. Answers can be used more than once. v In the labor market, what causes a movement along the A. A change in anything that affects the demand of labor demand curve? B. A change in anything that affects the supply of labor In the labor market, what causes a shift in the demand C. other input prices curve? D. A change in anything that affects supply of labor other than price v In the labor market, what causes a movement along the E. Changes in the wage rate (the price of labor). supply curve? F. A change in anything that affects demand for labor other than price In the labor market, what causes a shift in the supply curve?arrow_forward
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