Suppose That a Change to Early Retirement Laws Leads to a Decrease

question 117

Multiple Choice

Suppose that a change to early retirement laws leads to a decrease in labour supply.This means that:

• A)the marginal productivity of workers always decreases
• B)profit-maximising firms increase employment
• C)wages decrease as long as labour demand is downward-sloping
• D)wages increase as long as supply is downward-sloping

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