Assume That the Labor Market Is in Equilibrium

question 81

Multiple Choice

Assume that the labor market is in equilibrium. An increase in the availability of public transportation would shift labor __________ the equilibrium wage and _____ the amount of labor employed.

• A) demand to the right, increasing; increasing
• B) supply to the right, decreasing; increasing
• C) demand to the left, decreasing; decreasing
• D) supply to the left, increasing; decreasing

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Definitions:

Pyroclastic Eruptions

Volcanic eruptions characterized by the explosive expulsion of ash, lava bombs, and gases at high velocity.

Suburbs of Tacoma

Areas surrounding Tacoma, Washington, typically residential, offering amenities and a lifestyle distinct from the urban center.

Summit of the Volcano

The highest point or peak on a volcano, which is often the location of the central vent or crater.

Mudflow Deposits

Sedimentary accumulations resulting from the flow of mud, often triggered by volcanic activity or heavy rainfall, that can cover large areas and solidify over time.