Multiple Choice
The demand for labor reflects the point that the
A) lower the real wage rate, the greater the quantity of labor demanded.
B) higher the real wage rate, the greater the quantity of labor demanded.
C) real wage rate does not effect the quantity demanded of labor.
D) nominal wage rate and not the real wage rate determines the quantity of labor demanded.
E) demand for labor depends on the supply of labor.
Correct Answer:
Verified
Correct Answer:
Verified
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