An increase in the size of the labor force will cause the labor supply function to and labor...

Question:

An increase in the size of the labor force will cause the labor supply function to _____ and labor demand function to _____.

A. shift inward; not shift

B. shift outward; not shift

C. not shift; not shift

D. shift inward; shift outward

Labor Force:

All the individual who have crossed certain age and willing to work as a worker or employee and make efforts to get a job are considered under labor force. Labor force is a mixture of employed and unemployed people who have ability to do work.

Answer and Explanation: 1

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The correct option is B. shift outward; not shift

Explanation:

In the factor market, labor supply and labor demand has different factors that...

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The Labor Force Participation Rate: Equation & Concept

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Chapter 6 / Lesson 9
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Learn about the labor force participation rate. Identify the labor force participation rate formula and see how to calculate the labor force participation rate.


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