Which of the following best describes what has happened to the U.S. labor supply and labor demand over a century? a. Increases in labor supply have outpaced increases in labor demand. b. Labor supply increased and labor demand decreased. c. Labor demand increased and labor supply decreased. d. Increases in labor demand have outpaced increases in labor supply.
Which of the following best describes what has happened to the U.S. labor supply and labor demand over a century? a. Increases in labor supply have outpaced increases in labor demand. b. Labor supply increased and labor demand decreased. c. Labor demand increased and labor supply decreased. d. Increases in labor demand have outpaced increases in labor supply.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Which of the following best describes what has happened to the U.S. labor supply and labor
| a. |
Increases in labor supply have outpaced increases in labor demand. |
|
| b. |
Labor supply increased and labor demand decreased. |
|
| c. |
Labor demand increased and labor supply decreased. |
|
| d. |
Increases in labor demand have outpaced increases in labor supply. |
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