Which of the following statements is CORRECT?
A) When the real wage increases, the labor supply curve shifts rightward.
B) When the real wage increases, the labor supply curve shifts leftward.
C) When the real wage decreases, the labor supply curve shifts leftward.
D) None of the above statements are correct.
Correct Answer:
Verified
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Q96: The demand for labor curve is
A) upward
Q97: The labor force participation rate
A) does not
Q98: The quantity of labor supplied depends on
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