Ceteris Paribus, a Leftward Shift in the Labor Demand Curve

question 115

Multiple Choice

Ceteris paribus, a leftward shift in the labor demand curve would cause

• A)the real wage to increase and the amount of labor employed to decline.
• B)both the real wage and the amount employed to increase.
• C)the real wage to decrease and the amount of labor employed to increase.
• D)both the real wage and the amount employed to decrease.
• E)neither the real wage nor the amount employed to change.

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Definitions:

Frustration-Pressure Conflict

A psychological condition arising when a person is blocked from achieving a desired goal, leading to stress and anxiety.

Approach-Avoidance Conflict

A psychological struggle experienced when an individual faces a decision involving aspects that are both appealing and dissuading at the same time.

Property Taxes

Levies on property that owners pay to local governments, based on the assessed value of their property.

Avoidance-Avoidance

A conflict situation in which a choice must be made between two unattractive goals or outcomes.