How would each of the following factors be likely to affect the economy-wide supply of labor?
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How would each of the following factors be likely to affect the economy-wide supply of labor?
a. the age at which people are eligible for medicare is increased.
the supply of labor would (click to select)remain
b. increased productivity causes real wages to rise.
the supply of labor would
c. war preparations lead to the institution of a national draft, and many young people are called up.
the supply of labor would
d. more people decide to have children (consider both short-run and long-run effects).
the supply of labor would
Answers: 3
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