Which of the Following Would Cause an Increase in the Equilibrium

question 38

Multiple Choice

Which of the following would cause an increase in the equilibrium wage?

• A)The supply of labor increases more than the demand for labor.
• B)The supply of jobs increases less than the demand for jobs.
• C)The demand for labor increases faster than the supply of labor.
• D)The supply of labor increases and the demand for labor decreases.

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Definitions:

Property Rights

Legal rights to own, use, and dispose of assets, real estate, or possessions.

New Deal

refers to a series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s.

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Rights protecting individuals' freedom from infringement by governments, social organizations, and private individuals, ensuring equal opportunity regardless of race, religion, or other personal characteristics.

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The U.S. Department of the Treasury, responsible for managing the government's revenue, issuing currency, and implementing fiscal policy.