Which market determines the real wage and employment?
A) the good market
B) the money market
C) the labour market
D) the capital market

Question

Quizplus · Accepted Answer

Real wage and employment are determined by the labour market, which is the interaction of supply and demand for labour. The good market relates to the supply and demand for goods and services, while the money market pertains to the supply and demand for money and credit. The capital market involves the exchange of long-term financial assets like bonds and stocks.

Which Market Determines the Real Wage and Employment