Which of the Following Events Can Cause the Labor-Supply Curve

question 424

Multiple Choice

Which of the following events can cause the labor-supply curve to shift?

• A)an increase in the wage rate
• B)an increase in the price of output
• C)an increase in the rate of immigration
• D)a technological advance

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Definitions:

Short-Term Memory

A component of memory where small amounts of information can be temporarily kept for a relatively brief period.

New Information

Newly acquired data, knowledge, or insights that were not previously known to an individual or within a specific context.

Echoic Memory

A subset of sensory memory that deals with auditory information, allowing sounds and words to be remembered briefly after the original stimulus has ceased.

Auditory Stimuli

Sounds or noises that can elicit a response in the hearing organs and brain.