If the Labor Supply Curve Shifts to the Right and the Labor

question 114

Essay

If the labor supply curve shifts to the right and the labor demand curve remains unchanged, what will happen to the equilibrium wage and the equilibrium level of employment? Illustrate your answer with a graph.

---

Definitions:

Imitate

The action of copying or mimicking the behaviors, actions, or appearances of someone else.

Cognitive Processes

Mental activities involved in acquiring, storing, retrieving, and using information, including perception, memory, language, and problem-solving.

Classical Conditioning

A learning technique where two stimuli are consistently paired together; a response which is at first brought about by the second stimulus, is ultimately brought about by the first stimulus alone.

Observational Learning

The process of acquiring new behaviors or information by watching and imitating others, also known as social learning.