Suppose Wages Increase but Employment Decreases

question 15

Multiple Choice

Suppose wages increase but employment decreases. These changes most likely were caused by:

• A) an increase in labor demand.
• B) an increase in labor supply.
• C) a decrease in labor demand.
• D) a decrease in labor supply.

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James Madison, the fourth President of the United States (1809-1817), known as the "Father of the Constitution" for his pivotal role in drafting and promoting the U.S. Constitution and the Bill of Rights.

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