Consider the Labor Market for Computer Programmers

question 355

Multiple Choice

Consider the labor market for computer programmers. During the late 1990s, the value of the marginal product of all computer programmers increased dramatically. Holding all else equal, the equilibrium quantity in the labor market for computer programmers

• A)increased.
• B)decreased.
• C)did not change.
• D)It is not possible to determine the equilibrium quantity.

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Definitions:

OD Philosophy

Refers to the principles and beliefs underlying Organizational Development, focusing on improving organizations through change in strategies, structures, and processes.

Willingness To Experiment

An attitude or approach characterized by the open-mindedness to try new ideas, methods, or activities.

Private Examination

A confidential assessment or investigation conducted outside of public view or awareness.

Crisis Change

Significant alterations to normal functions or processes prompted by emergency or critical situations.