The ________ refers to the amount a household would like to work within a given period at the current wage rate if it could find the work.

Question

Quizplus · Accepted Answer

The unconstrained supply of labor refers to the total amount of labor that households would like to supply at any given wage rate, regardless of whether they can find work or not. It includes both the amount of labor currently being supplied and the amount that would be supplied if all workers who want to work were employed. The other options do not specifically refer to the amount of labor that households would like to supply.

The ________ Refers to the Amount a Household Would Like