-The Figure Above Shows the U

question 126

Multiple Choice

-The figure above shows the U.S.supply of labor curve.If there is a simultaneous increase in the nominal wage rate of 10 percent and a 10 percent increase in the price level,there will be a

• A)rightward shift of the supply of labor curve.
• B)leftward shift of the supply of labor curve.
• C)movement downward along the supply of labor curve from a point such as A to a point such as B.
• D)movement upward along the supply of labor curve from a point such as C to a point such as B.
• E)None of the above answers is correct because there is no change in the supply of labor curve.

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