The real wage rate will fall if the
A) labor supply curve shifts rightward and the labor demand curve does not shift.
B) labor supply curve shifts leftward and the labor demand curve does not shift.
C) labor demand curve shifts rightward and the labor supply curve does not shift.
D) labor demand curve shifts rightward more than the labor supply curve shifts rightward.
Question 2
Which of the following events will increase short-run aggregate supply?
A) an advance in technology
B) an increase in resource prices
C) an increase in the natural unemployment rate
D) an increase in foreign income