Multiple Choice
-The figure above shows the U.S.supply of labor curve.If there is a simultaneous increase in the nominal wage rate of 10 percent and a 10 percent increase in the price level,there will be a
A) rightward shift of the supply of labor curve.
B) leftward shift of the supply of labor curve.
C) movement downward along the supply of labor curve from a point such as A to a point such as B.
D) movement upward along the supply of labor curve from a point such as C to a point such as B.
E) None of the above answers is correct because there is no change in the supply of labor curve.
Correct Answer:

Verified
Correct Answer:
Verified
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