Which of the following variables is most directly determined in the labour market?

Question

Quizplus · Accepted Answer

Nominal wages are directly determined in the labour market based on factors such as supply and demand for labour, skills and education level, and bargaining power of workers and employers. Prices, interest rates, bond prices, and stock prices are influenced by a variety of economic factors and are not directly determined by the labour market.

Which of the Following Variables Is Most Directly Determined in the Labour