The supply of labor is defined as the relationship between the real wage rate and the

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Quizplus · Accepted Answer

The supply of labor refers to the amount of labor that households are willing and able to supply at different wage rates. Thus, the relationship is between the real wage rate and the quantity of labor supplied by households, not by firms or the amount of jobs supplied. The equilibrium quantity of employment is determined by the intersection of the labor supply and demand curves.

The Supply of Labor Is Defined as the Relationship Between