Which of the following will not shift the labor supply curve? A. a change in att

Question

Which of the following will not shift the labor supply curve? A. a change in attitude toward work B. changes in a spouse's income C. changes in expectations D. a change in the wage rate In a perfectly competitive labor market, the equilibrium wage is the wage at which: A. all people who work in the labor market earn a living wage. B. the quantity of labor demanded is equal to the quantity of labor supplied. C. all people who work in the labor market earn the same amount. D. the wage is equal to the value of the output generated.

Explanation / Answer

B The quantity of labor demanded is equal to the quantity of labor supplied

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