An increase in the demand for labor means that
A) the demand for labor increases as a result of an increase in the real wage rate.
B) the demand for labor increases as a result of a decrease in the real wage rate.
C) the demand for labor increases at any real wage rate.
D) the supply of labor must also be increasing.
Correct Answer:
Verified
Q30: Firms consider the _ wage when considering
Q31: If a firm increases its capital stock,
Q32: An increase in a firm's capital stock
Q33: As firms reduce their stock of capital,
Q34: If the supply of labor _, real
Q36: The labor supply and demand most directly
Q37: If the demand for labor _, real
Q38: The marginal principle states that one should
A)
Q39: The labor demand curve is downward sloping
Q40: If the demand for labor _, real
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents