Multiple Choice
The demand for labor curve is
A) a vertical line because firms have to hire labor.
B) upward sloping,showing that as the real wage rate increases,more workers are hired.
C) a horizontal line because we assume that the real wage rate is fixed.
D) downward sloping,showing that the quantity of labor demanded increases when the real wage falls.
E) U-shaped.
Correct Answer:
Verified
Correct Answer:
Verified
Q203: If the real wage rate decreases from
Q204: Suppose real GDP grows at 7 percent
Q205: Labor productivity equals _.<br>A)real GDP × aggregate
Q206: In 2009,U.S.real GDP decreased by 3 percent
Q207: If the level of technology rises,GDP per
Q209: Choose which statement is most correct.<br>A)Real GDP
Q210: The sustainable upper limit of real GDP
Q211: A surplus of labor is eliminated by
Q212: Suppose India wants to measure how much
Q213: If New Zealand is operating at potential