Sia
Question
Macroeconomics
Posted 10 months ago
Which of the following leads to an increase in wages and employment in the labor market?
Choose 1 answer:
(A) a decrease in the tastes and preferences for the good that labor produces
(B) a decrease in the supply of labor
(C) an increase in the supply of labor
(D) an increase in the price of a good that is a complement to the good that labor produces
(E) an increase in the demand for the good that labor produces
Sign in to unlock the answer
Answer from Sia
Posted 10 months ago
E
Key Concept
Demand for Labor
Explanation
An increase in the demand for the good that labor produces typically leads to higher employment and wages in the labor market, as firms require more labor to increase production to meet the higher demand
Not the question you are looking for? Ask here!
Enter question by text
Enter question by image
Unlock Smarter Learning with AskSia Super!
Join Super, our all-in-one AI solution that can greatly improve your learning efficiency.
30% higher accuracy than GPT-4o
Entire learning journey support
The most student-friendly features
Study Other Question