Multiple Choice
Assuming a worker's money wage rose from $10 per hour to $20 per hour while all product price have doubled,then in the classical model,this worker would
A) supply more labor after the wage increase.
B) supply less labor after the wage change.
C) supply the same amount of labor after the hourly wage increase.
D) demand less leisure.
Correct Answer:
Verified
Correct Answer:
Verified
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