Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
kristen299 kristen299
wrote...
Posts: 150
Rep: 0 0
A year ago
Refer to the scenario above. In order to remain fiscally responsible, the president's new policy would also reduce spending on social programs whenever oil prices fall (causing an economic contraction). In this case, what would likely happen in the labor market when oil prices fall?

▸ Labor supply curve shifts to the right.

▸ Labor demand curve shifts to the left.

▸ Labor demand curve shifts to the right.

▸ Labor supply curve shifts to the left.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
Read 33 times
1 Reply
Replies
Answer verified by a subject expert
naj2008hnaj2008h
wrote...
Posts: 130
Rep: 1 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

kristen299 Author
wrote...

A year ago
this is exactly what I needed
wrote...

Yesterday
Correct Slight Smile TY
wrote...

2 hours ago
Brilliant
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1105 People Browsing
Related Images
  
 218
  
 503
  
 611
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 308

Previous poll results: Who's your favorite biologist?