The quantity of labor demanded definitely increases if the
A) supply of labor decreases.
B) real wage rate falls.
C) nominal wage rate rises.
D) real wage rate rises.
E) nominal wage rate falls.
B
Economics
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Elasticity is
a. a measure of how much buyers and sellers respond to changes in market conditions. b. the study of how the allocation of resources affects economic well-being. c. the maximum amount that a buyer will pay for a good. d. the value of everything a seller must give up to produce a good.
Economics
When the value of money is on the vertical axis, an increase in the price level shifts money demand to the right
a. True b. False Indicate whether the statement is true or false
Economics