The demand for labor reflects the point that the
A) lower the real wage rate, the greater the quantity of labor demanded.
B) higher the real wage rate, the greater the quantity of labor demanded.
C) real wage rate does not effect the quantity demanded of labor.
D) nominal wage rate and not the real wage rate determines the quantity of labor demanded.
E) demand for labor depends on the supply of labor.
Correct Answer:
Verified
Q62: The lower the real wage rate,the
A)fewer workers
Q63: A firm's demand for labor depends on
Q65: Hershey Chocolate Factory pays a money wage
Q69: The Bubby Gum factory produces bubble gum.
Q70: The Bubby Gum factory produces bubble gum.
Q70: Firms hire more labor as long as
A)the
Q72: If the real wage rate decreases from
Q73: The real wage rate is the _
Q78: As long as an additional worker hired
Q79: The demand for labor curve is
A)a vertical
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