An Increase in Labour Supply

question 9

Multiple Choice

An increase in labour supply

• A)shifts FE to the right.
• B)shifts IS to the right.
• C)shifts LM to the right.
• D)increases capital.

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Definitions:

Obedience

A change in behavior in response to an instruction or command from another person.

Compliance

A change in behavior in response to a request.

Dissonance Theory

A theory proposed by Leon Festinger that suggests that inconsistency among beliefs or behaviors causes psychological discomfort (dissonance), leading to efforts to reduce the dissonance.

Innocence

symbolizes the state of being free from guilt or moral wrong, typically attributed to children or in legal contexts where an individual is found not guilty of a crime.