Which situation or event will cause a decrease in the wage rate and greater employment?YOUR ANSWERYour AnswerA slump in economic activity.The consumer demand for goods and services increases.A lower retirement age.A lower school leaving age.

An decrease in the minimum wage will tend to cause which of the following?Group of answer choicesAn increase in the quantity demanded of laborAn increase in the number of workers employedAn increase in the quantity supplied of laborA reduction in poverty

Which of the following will cause a decrease in the demand for labor at any given real wage?

A rising unemployment rate affects a society by:A.reducing the value of a country's currency.B.making it harder for citizens to find jobs.C.discouraging businesses from investing.D.causing inflation rates to rise rapidly.

Which of the following events affect the demand for labour? (i) The retirement age is raised (ii) Higher interest rates (iii) Decreased business confidence (iv) Increased savings by households due to new tax incentives (v) Emigration numbers riseYOUR ANSWERYour Answer(i) and (ii)(iii) and (iv)(i) and (v)(ii), (iii), (iv) and (v)

Employment tends to rise whenGroup of answer choicesaggregate output falls.unemployment rises.aggregate output rises.labor productivity falls.