Rebecca Majoros1 6/15/18 3:24 PM ics ModetOnline) Class#: 1 255 Instructor:Kurma
ID: 1155334 • Letter: R
Question
Rebecca Majoros1 6/15/18 3:24 PM ics ModetOnline) Class#: 1 255 Instructor:Kurman ECO2013 Principles of Submit Quiz Quiz: Chapter 24 Quiz This Quiz: 10 pts possible 5 of 10 (9 complete) This Question: 1 pt eople to try to find a job and ate increased from $2000 to $2006 an hour and consumer prices rose by 18 percent we would expect If the money wage r engloyed peaple to want to work O A. the same number of, shorter B. more, longer hours C, the same number ot the same number of O D. fewer, shorter Thewould O A. supply of labor; decrease B. supply of labor, remain the same O C. quanty of labor supplied decrease D. quantity of labor suppliedt remain the same Cick to select your answer ere to search DELLExplanation / Answer
When wage rate increases from 20 to 20.06 and consumer price index goes up by 18% then real Wage rate decreases.
Due to decrease in real wage rate we will find lower or lesser number of people finding job and ecisting worker will work less. Ans is D
The quantity of labor Supplied decreases
Ans is C
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.