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Safar a O O App courses aplia.com/af/servlet/cmserver?ctx malkiat.sandhul-0082&ctx; malkiat.sandhu1-0082&cms; action getFile&material; id 2147187279 cmserver?ctX malkiat.sandhul-0082&ctx; malkiat.sandhul-0082 &cms; action ge e&material; id courses aplia.com 2147187279 Ted bans N peak Yah Chegg. 14. An increase in the supply of labo will, everything else equal, a. increase the real wage rate and increase employment b. ncrease the real wage rate and decrease employment c. reduce the real wage rate and increase employment d. reduce the real wage rate and decrease employment e. increase the demand for labor and increase employment 15. According to the classical model, total employment will increase when a. the birth rate increases b. the government creates more jobs c. the labor force increases d. individuals receive more education there a recession Figure 8-2 GDP ons of Workers 16. Refer to Figure 8-2. An increase in output from A to B could be caused by an increase in a. abor demand only b. abor supply only c. labor demand or in labor supply d. technology only e. the capital stock 17. Which of the following statements best describes the U.S. labor force since World War II? a. Total employment grew, but the labor force participation rate fell b. Total employment grew, and so did the labor force participation rate c. Total employment grew, but the labor force participation rate remained unchanged. d. Total employment remained constant, but the labor force participation rate fell e. Total employment remained constant, but the labor force participation rate rose 18. In the loanable funds market, an increase in the desire to save is translated into a a. increase in investment spending and slower growth in the capital stock b. decrease in investment spending and slower growth in the capital stock c. decrease in investment spending and faster growth in the capital stock d. increase in investment spending and faster growth in the capital stock e. increase in investment spending but with no growth in the capital stock 9:41 Q.Explanation / Answer
14.An increase in the supply of labor will, everything else equal, reduce the real wage rate and increase employment and also increase the full-employment level of output.
15. According to the classical model, total employment will increase when the labor force increases in the market. An increase in the labor force will reduce the wages and increase the employment level in the labor market.
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