O b. Supply; right.

Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter13: Earnings, Productivity, And The Job Market
Section: Chapter Questions
Problem 11CQ
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If labour markets had perfectly flexible wages, as market-
clearing theories suggest, involuntary unemployment would rise
when the labour
curve shifts to the
a. Supply; left.
b. Supply; right.
C. Demand; right.
d. Demand; left.
e. None of the above.
Transcribed Image Text:If labour markets had perfectly flexible wages, as market- clearing theories suggest, involuntary unemployment would rise when the labour curve shifts to the a. Supply; left. b. Supply; right. C. Demand; right. d. Demand; left. e. None of the above.
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