If the Labor Supply Curve Is Vertical,an Adverse Supply Shock

question 27

Multiple Choice

If the labor supply curve is vertical,an adverse supply shock causes ________ in employment and ________ in the real wage.

• A)no change,a decrease
• B)a decrease,a decrease
• C)a decrease,no change
• D)a decrease,an increase
• E)an increase,an increase

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Definitions:

Drive-On Type

Refers to equipment or mechanisms that are engaged or activated by driving onto or over them, often seen in automotive service equipment.

Four-Post Design

A type of lift or rack in automotive repair shops or garages featuring four posts that provide stability and support for a vehicle during maintenance or inspections.

VIN Number

The Vehicle Identification Number, a unique code used to identify individual motor vehicles.

Country of Origin

The country where a product was manufactured or produced, often used in trading and customs for determining tariffs and indicating quality.