Unformatted text preview: es every adult an annual income of $10,000 whether they work or not. This policy is will most likely shift the A) labor demand curve to the right. B) labor supply C) curve to the left. labor supply D) curve to the right. labor demand curve to the left. Answer: B Diff: 2 Topic: The Classical View of the Labor Market Skill: Analytic AACSB: Analytic Skills 24) The nt lowers the marginal income tax rates so that after-tax wages are increased. This most likely will shift governme the labor A) supply curve to the right. B) supply curve to the left. C) demand curve to the right. D) demand curve to the left. Answer: A Diff: 2 Topic: The Classical View of the Labor Market Skill: Conceptual AACSB: Reflective Thinking 25) If a new ntal policy increases unemployment benefits, we would expect the labor ________ curve to shift to the governme ________. A) supply; right B) demand; right C) supply; left D) demand; left Answer: C Diff: 2 Topic: The Classical View of the Labor Market Skill: Conceptual AACSB: Reflective Thinking 26) One of of the classical view of the labor market is that the wage adjustments that are necessary to clear the labor the tenets market A) occur very B) infrequently. occur quickly. C) don't occur. D) oc...
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This note was uploaded on 06/02/2013 for the course ECON 130 taught by Professor Meshew during the Fall '13 term at Victoria Wellington.
- Fall '13