The demand for labor curve depicts
a. a relationship between the price of a good and the quantity of labor necessary to produce different amounts of that good
b. a relationship between wages and profits in a firm
c. how the wage rate changes when the price of the good produced by labor changes
d. a relationship between the real wage rate and the quantity of labor demanded
e. how much labor will be hired at different profit levels
D
Economics
You might also like to view...
If the tax revenue of the federal government exceeds spending, then the government necessarily
A. runs a budget deficit. B. runs a budget surplus. C. runs a national debt. D. will increase taxes.
Economics
Explain what is meant by the term "monetizing the deficit."
What will be an ideal response?
Economics