Author Question: If the demand for labor increases I. employment increases. II. the real wage rate increases. A) ... (Read 246 times)

savannahhooper · **on:** Jun 29, 2018

If the demand for labor increases

I. employment increases.
II. the real wage rate increases.
A) Only I is correct.
B) Only II is correct.
C) Both I and II are correct.
D) Neither I nor II is correct.

Question 2

Technological progress will

A) shift the LAS curve rightward but will not shift the SAS curve.
B) not shift either the LAS or the SAS curve.
C) shift both the LAS and SAS curves rightward.
D) shift the SAS curve rightward but will not shift the LAS curve.