Answer to Question #227880 in Macroeconomics for Ndu

Question #227880

A decrease in the supply of labour results in what

Expert's answer

A decrease in the supply of labor will inturn cause an increase in the wage rate.

Learn more about our help with Assignments: Macroeconomics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. Use the information in the table below to answer questions 1 and 2: GDP at market prices
2. which of the following statements are correct ?i) Ceteris paribus, as the real wage rate increases,
3. how many years will it take for GDP to double from 40 billion to 80 billion if the growth rate is 0,
4. How does the response of the interest rate to a change in the money stock depend on the interest se
5. If aggretate exppenditure is greater than total income:investment will decrease because such a high
6. Consider the following information:MPC = 0.9Autonomous Investment = R200 mAutonomous Consumption
7. a. How does an increase in the tax rate affect the IS curve? b. How does the increase affect the eq