Multiple Choice
Holding all other influences constant,the quantity of labor supplied in a given time period depends
A) inversely on the real wage rate so that a higher real wage decreases the quantity of labor supplied.
B) directly on the real wage rate so that a higher real wage increases the quantity of labor supplied.
C) inversely on the quantity of labor demanded.
D) on the money wage rate not the real wage rate.
E) directly on the quantity of labor demanded.
Correct Answer:
Verified
Correct Answer:
Verified
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