Multiple Choice
The quantity of labor supplied increases as the real wage rises because
A) higher real wages mean that nominal wages have increased.
B) the opportunity cost of working increases.
C) the quantity of labor demanded increases.
D) the opportunity cost of leisure rises.
E) labor force participation decreases so that only serious workers are left in the labor force.
Correct Answer:

Verified
Correct Answer:
Verified
Q298: Expansion of a nation's human capital can
Q299: A country's potential GDP is determined,in part,by<br>A)the
Q300: If the stock of physical capital (that
Q301: Which of the following variables is used
Q302: A diagram of a productivity curve has<br>A)real
Q304: The Rule of 70 can be used
Q305: Firms hire more labor as long as<br>A)the
Q306: Which of the following statements is (are)true?<br>I.As
Q307: The productivity curve<br>A)has a positive slope.<br>B)has a
Q308: When the labor market is in equilibrium