How will each of the following scenarios impact the market for labour Workers become more concerned about the future and therefore wish to increase their hours of work. At the same time, there is an increase in the capital stock, which makes workers more productive. Impact on supply of labour Impact on demand for labour Impact on wage rate Impact on employment level How will each of the following The country receives an influx Choose... Choose... change in quantity is uncertain increase wage rate decrease employment shift outwards / to the right increase employment shift inwards / to the left employment unchanged curve unchanged (movement along the curve) decrease wage rate wage rate unchanged change in wage rate is uncertain

How will each of the following scenarios impact the market for labour Workers become more concerned about the future and therefore wish to increase their hours of work. At the same time, there is an increase in the capital stock, which makes workers more productive. Impact on supply of labour Impact on demand for labour Impact on wage rate Impact on employment level How will each of the following The country receives an influx Choose... Choose... change in quantity is uncertain increase wage rate decrease employment shift outwards / to the right increase employment shift inwards / to the left employment unchanged curve unchanged (movement along the curve) decrease wage rate wage rate unchanged change in wage rate is uncertain

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 11RQ: If you an? out of school but working part time, are you considered employed or unemployed in U.S....

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