After an Increase in the Demand for Construction Workers, the Market

question 217

Multiple Choice

After an increase in the demand for construction workers, the market will attain its new long-run equilibrium faster if

• A) wages are flexible.
• B) wages are inflexible, forcing new people to enter the market.
• C) unions restrict the number of new construction workers.
• D) people ignore the shortage in the short run.

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Definitions:

Direct Reinforcement

Involves the immediate and direct strengthening of a behavior by a consequence following the behavior.

Larger Teams

Groups composed of a significant number of members, which can lead to more complex interactions and potential for greater output but also challenges in coordination and communication.

Coordinating Roles

Functions or positions within an organization tasked with managing the interdependencies between different parts of the organization to ensure smooth operations.

Team Success

The achievement of predetermined objectives or the realization of a shared goal by a group of individuals working together effectively.