Multiple Choice
The real wage denotes
A) the number of units of consumption goods that can be exchanged for one unit of labor time.
B) the number of units of labor time that can be exchanged for one unit of consumption goods.
C) the number of units of labor 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 labor time.
Correct Answer:
Verified
Correct Answer:
Verified
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