Asked by
Natieka Washington
on Nov 06, 2024
Verified
An increase in labor productivity would cause a rightward shift of the labor supply curve.
Labor Productivity
A measure of economic performance that indicates the amount of goods and services produced per unit of labor input.
Labor Supply Curve
A graphical representation showing the relationship between the quantity of labor supplied and the wage rate, typically illustrating that higher wages attract a larger labor supply.
- Identify the factors that cause shifts in labor supply and demand curves.
Verified Answer
BB
Learning Objectives
- Identify the factors that cause shifts in labor supply and demand curves.