Author Question: Which of the following is likely to cause an increase in the wage rate and a fall in the employment ... (Read 80 times)

123654777 · **on:** Jun 29, 2018

Which of the following is likely to cause an increase in the wage rate and a fall in the employment level in a country?

A) A right shift in the demand curve for labor, without any change in the supply curve for labor
B) A left shift in the demand curve for labor, without any change in the supply curve for labor
C) A right shift in the supply curve for labor, without any change in the demand curve for labor
D) A left shift in the supply curve for labor, without any change in the demand curve for labor

Question 2

A substitution effect of a price change is represented by:

A) movement along the same indifference curve.
B) movement to a different indifference curve.
C) a change in the initial budget line to a new budget line.
D) a change in the slope of the initial budget line.