4)If a decrease in capital stock reduces labor demand, this will most likely cause _______.A)both employment and the real wage rate to increase. B)both employment and the real wage rate to decrease. C)employment to increase and the real wage to decrease. D)employment to decrease and the real wage to increase.5)The tendency of workers to supply more labor in response to a larger reward for working is called the ________.6)According to the household labor supply, the income effect of a higher real wage is such that _______.
BSP2001 Macro & International EconomicsSem 1 2014/201527)Which of the following will shift the labor supply curve to the right?