Multiple Choice
The quantity of labor demanded by a firm depends upon
A) the nominal wage rate not the real wage rate.
B) the real wage rate not the nominal wage rate.
C) both the real wage rate and the nominal wage rate.
D) neither the real wage rate nor the nominal wage rate.
E) either the real wage rate or the nominal wage rate,depending whether the price level is increasing or decreasing.
Correct Answer:
Verified
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