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Floods have just ravaged the countryside and cities! You would expect this supply shock to shift the O marginal product of labour curve up and
Floods have just ravaged the countryside and cities! You would expect this supply shock to shift the O marginal product of labour curve up and to the right, raising the quantity of labour demanded at any given real wage. @ marginal product of labour curve down and to the left, reducing the quantity of labour demanded at any given real wage. 0 real wage curve up, reducing the quantity of labour demanded at any given real wage. 0 real wage curve down, raising the quantity of labour demanded at any given real wage
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