One Difficulty with Any Explanation of Economic Fluctuations Based on a Shift

question 4

Multiple Choice

One difficulty with any explanation of economic fluctuations based on a shift in labor supply is that

• A) workers' preferences tend to change very quickly
• B) labor supply shifts all the time without causing recessions or expansions
• C) labor supply is difficult to measure
• D) workers' preferences tend to change very slowly
• E) the unemployment rate changes during economic fluctuations

---

Definitions:

Conflict-Of-Law

A legal discipline that addresses discrepancies and disputes involving the application of laws from different jurisdictions or countries.

International Law

A body of rules and principles that governs the relations and conduct of nations and international organizations.

Magnuson-Moss Act

A federal law enacted in 1975 that governs warranties on consumer products to protect consumers from deceptive warranty practices.

Written Warranty

A legal, written guarantee provided by the seller or manufacturer regarding the condition of a product and the provision of repair or replacement.