Ceteris Paribus, a Rightward Shift in the Labor Supply Curve

question 93

Multiple Choice

Ceteris paribus, a rightward shift in the labor supply curve would cause

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

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Definitions:

Half-Life

The time required for a quantity to reduce to half its initial value. In the context of radioactivity, it’s the time it takes for half of the radioactive atoms in a sample to decay.

Radioisotope

Isotope with an unstable nucleus.

Radiometric Dating

A technique used to date materials such as rocks or carbon, by measuring the decay rate of radioactive isotopes contained within those materials.

K-Pg Boundary

A geological signature marking the transition between the Cretaceous (K) and Paleogene (Pg) periods, approximately 66 million years ago, associated with the mass extinction event that included the demise of the dinosaurs.