Author Question: In the coordination failure model, a rightward shift in the labor supply curve A) increases the ... (Read 120 times)

sjones · **on:** Jun 30, 2018

In the coordination failure model, a rightward shift in the labor supply curve

A) increases the real wage and increases employment.
B) increases the real wage and decreases employment.
C) decreases the real wage and increases employment.
D) decreases the real wage and decreases employment.

Question 2

If an epidemic hits a Malthusian economy, the immediate consequence is

A) an increase in the standard of living.
B) a reduction in the standard of living.
C) no change in the standard of living.
D) dependent on the population growth rate.