Which of the following statements is true?
A) According to the labor supply curve, as the real wage rises, employers are willing to provide more jobs.
B) According to the labor supply curve, as the real wage rises, workers are willing to provide more labor.
C) According to the labor supply curve, as the real wage rises, employers are willing to provide fewer jobs.
D) According to the labor supply curve, as the real wage rises, workers are willing to provide less labor.
E) According to the labor supply curve, as the real wage rises, more workers leave the labor force.
Correct Answer:
Verified
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