If workers' money wage rates increase by 5 percent and the price level remains constant, workers'
A) quantity of labor supplied will decrease.
B) quantity of labor supplied will increase.
C) quantity of labor supplied will not change.
D) demand for jobs will decrease.
B
Economics
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The money market is definitely in equilibrium in which of the following cases?
a) when velocity is constant b) when the quantity of money demanded equals the quantity of money supplied c) when the present value is equal to the interest rate d) when the present value is greater than the interest rate e) when the interest rate is equal to the price of bonds
Economics
Refer to Scenario 12.2. Suppose that the marginal cost falls such that:
MC = Q - 10 What is the profit maximizing level of output? A) 171.43 B) 120 C) 150 D) all of the above E) none of the above
Economics