Other Factors Constant, a Change in _____ Will Cause a Shift

question 49

Multiple Choice

Other factors constant, a change in _____ will cause a shift in a firm's demand curve.

• A) the price of the good or service
• B) the quantity of the good offered for sale
• C) the wages paid to labor employed
• D) the general income level of consumers
• E) the technology used in the production of the good or service

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Definitions:

Labor-Force Participation Rate

The Labor-Force Participation Rate is the percentage of the working-age population that is part of the labor force, either employed or actively looking for work.

Unemployment Rate

The portion of the labor market without jobs but actively making efforts to secure employment.

Labor-Force Participation Rate

The percentage of the adult population that is part of the labor force, either employed or actively seeking employment.

Unemployment Rate

The rate at which individuals in the labor force are without jobs but earnestly seeking employment.