Multiple Choice
If the demand for labor is plotted against the money wage,with the money wage on the vertical axis,then
A) an increase in the price level will cause the labor demand schedule to shift to the right.
B) an increase in the money wage will cause the labor demand schedule to shift to the left.
C) an increase in the money wage will cause the labor demand schedule to shift to the right.
D) the labor demand schedule will be upward sloping.
Correct Answer:
Verified
Correct Answer:
Verified
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