Multiple Choice
What would a leftward shift of the labor demand curve indicate?
A) Firms want to hire more workers than before at any given wage than before.
B) Firms want to pay a higher wage than before at any given level of employment.
C) Households want to supply fewer hours of work than before at any given wage rate.
D) Firms want to hire fewer workers than before at any given wage rate.
E) Households want to supply more hours of work than before at any given wage rate.
Correct Answer:
Verified
Correct Answer:
Verified
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