The demand for labor reflects the point that the
A) lower the real wage rate, the greater the quantity of labor demanded.
B) nominal wage rate and not the real wage rate determines the quantity of labor demanded.
C) higher the real wage rate, the greater the quantity of labor demanded.
D) demand for labor depends on the supply of labor.
E) real wage rate does not effect the quantity demanded of labor.
Correct Answer:
Verified
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