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In the Labor Supply Model Ls=ˉwcL ^ { s } = \frac { \bar { \ell } w } { c }

Question 5

Multiple Choice

In the labor supply model Ls=ˉwcL ^ { s } = \frac { \bar { \ell } w } { c } , we can think of ________ as ________.


A) 1ˉ1 - \bar { \ell } the total labor pool
B) 1c;\frac { 1 } { c } ; inflation
C) 1ˉ;1 - \bar { \ell }; equal to sticky wages
D) ˉ;\bar { \ell }; leisure
E) ww ; reflecting sticky prices

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