In recent years, average household income in the United States was highest for households headed by someone aged

Real demand for money is positively related to the level of real income in the economy

Indicate whether the statement is true or false

If workers suddenly decide to value more their leisure time than before, this

A) shifts the labor supply curve to the left, resulting in a wage increase and less workers hired. B) shifts the labor supply curve to the right, resulting in a wage increase and less workers hired. C) shifts the labor supply curve to the left, resulting in a wage decrease and less workers hired. D) shifts the labor supply curve to the right, resulting in a wage increase and more workers hired.