As the real wage rate increases, the

Name: As the real wage rate increases, the
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When the real wage rate increases, it becomes more attractive for workers to supply their labor. Therefore, the quantity of labor supplied increases. However, the supply of labor curve does not shift left or right because there is no change in the underlying factors that determine the willingness of workers to supply their labor, such as population size or demographics.

As the Real Wage Rate Increases, the