Identify the Conditions Where the Labour Demand Curve Will Shift

question 49

Multiple Choice

Identify the conditions where the labour demand curve will shift?
(i) there is a change in productivity
(ii) there is a change in output prices
(iii) there is a change in wage levels

• A)(i) and (ii)
• B)(ii) and (iii)
• C)(i) and (iii)
• D)(i), (ii) and (iii)

---

Definitions:

Null Hypothesis

A statement in statistical analysis that proposes there is no significant effect or relationship between certain variables, used as a default position until evidence suggests otherwise.

Consumption Function

An economic formula representing the relationship between total consumption and gross national income.

Aggregate Income

The total income earned by all individuals and entities in an economy, including wages, rents, and profit.

Statistically Significant

A determination that a result from data analysis is unlikely to have occurred by chance, indicating a meaningful difference or relationship.