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    Macroeconomics Study Set 12
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    Exam 8: Aggregate Demand, aggregate Supply, and the Great Depression
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    If the Labor Supply Curve Shifts to the Left,the Equilibrium
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If the Labor Supply Curve Shifts to the Left,the Equilibrium

Question 134

Question 134

Multiple Choice

If the labor supply curve shifts to the left,the equilibrium real wage ________ and the equilibrium level of employment ________.


A) rises,rises
B) rises,falls
C) falls,rises
D) falls,falls

Correct Answer:

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