An Increase in Labor Productivity Would Cause a Rightward Shift

question 26

True/False

An increase in labor productivity would cause a rightward shift of the labor supply curve.

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Definitions:

Variability

A measure of how spread out or dispersed the values in a dataset are.

Bimodal

Bimodal describes a distribution having two different modes, which are the most frequently occurring data points in a dataset.

Distribution

The way in which values are spread or distributed across a range in a dataset.

Measure of Variability

A measure of variability is a summary statistic that represents the amount of dispersion in a dataset, examples include range, variance, and standard deviation.