0
Changes in market wages cause a movement along the labour supply curve, adjusting employment levels for certain wages; whereas shifts of the curve will change employment levels at any given wages. Shifts are caused by: changes inthe demongraphic: which can affect supply of labour of certain age groups, the low bitrth rate of the 70s has decreased tge supply of young labour in the 90s, atany given wage. sectoral changes: the service industry and low-pay sectors employ increasingly high proportions of young people. The increasing emphais on skill attainment means that young people are unlikly to be demand in high-level jobs, who offer them uncompetitive wages, hence more will be attracted tothe sector where the respective demand is higher. Sectoral shifts can shift supply curve.
Still curious? Ask our experts.
Chat with our AI personalities
Coach
Steve
JudyAdd your answer:
Earn +20 pts
What is the relationship between interest rates and the mortgage curve?
Interest rates have a direct impact on the mortgage curve, as changes in interest rates can cause the curve to shift up or down. When interest rates rise, the mortgage curve tends to shift upward, leading to higher mortgage rates for borrowers. Conversely, when interest rates fall, the mortgage curve shifts downward, resulting in lower mortgage rates for borrowers.
What happens to aggregate demand if government spending on infrastructure increases?
The Aggregate demand will shift to the right. this is because the output increases as well as the price level. When taxes decrease, it causes the shift. Th short run and Long run will also increase
What is a shift preference?
What working hours you prefer, day, swing or night shift.
How much does a cvs night shift cashier get paid?
7000millian per 2 years
How do polarization and opinion shift generally work in a decision making group?
i believe they generally strengthen when they meet opposition...
