Multiple Choice
The real wage denotes
A) the number of units of consumption goods that can be exchanged for one unit of labour time.
B) the number of units of labour time that can be exchanged for one unit of consumption goods.
C) the number of units of labour time that can be exchanged for one unit of leisure time.
D) the number of units of leisure time that can be exchanged for one unit of labour time.
E) the purchasing power of income earned after taxes are paid.
Correct Answer:
Verified
Correct Answer:
Verified
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