Why Is a Rightward Shift of the Labor Supply Curve

question 17

Multiple Choice

Why is a rightward shift of the labor supply curve difficult to rationalize in the classical model?

• A) The labor supply curve is based on firms' preferences.
• B) Labor supply is very difficult to measure.
• C) The labor supply curve is almost never a known entity.
• D) Workers' preferences and therefore labor supply tend to change very slowly.
• E) Workers' preferences and therefore labor supply tend to change very quickly.

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Definitions:

Tail-Like Structure

An appendage or projection resembling a tail, found in certain cells, organisms, or anatomical structures.

Locomotion

The ability to move from one place to another, which can be observed in all animals and involves various forms of movement.

High Concentration

A condition where a substance exists in a large amount relative to its volume or area, often relevant in chemical solutions.

Low Concentration

A term describing a solution that contains a relatively small amount of solute compared to the solvent.