<< Chapter < Page | Chapter >> Page > |
Card 13 / 18:
In the labor market, what causes a movement along the supply curve? What causes a shift in the supply curve?
Changes in the wage rate (the price of labor) cause a movement along the supply curve. A change in anything else that affects supply of labor (e.g., changes in how desirable the job is perceived to be, government policy to promote training in the field) causes a shift in the supply curve.
Previous Card | ← Previous Card Button |
Next Card | → Next Card Button |
Flip Card | ↑ / ↓ / Return / Space |
Notification Switch
Would you like to follow the 'Principles of macroeconomics for ap® courses' conversation and receive update notifications?