Which one of the following events does NOT cause a shift in the aggregate labour demand curve?
A)A rise of labour productivity
B)An increase in capital stock
C)An increase in the number of robots taking away workers' jobs
D)An increase in oil prices

Question

Quizplus · Accepted Answer

Increases in oil prices would affect the cost of production, but would not directly impact the aggregate labour demand, which is determined by factors such as capital stock, technology, and output prices. Therefore, option D is the correct choice as it does not cause a shift in the aggregate labour demand curve.

Which One of the Following Events Does NOT Cause a Shift