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In a horizontal section of a labor supply curve, ________.

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In a horizontal section of a labor supply curve, ________.

In a horizontal section of a labor supply curve, ________.

▸ a change in the wage rate results in the quantity of labor supplied changing in the opposite direction

▸ the wage rate does not change as the quantity of labor supplied changes

▸ a change in the wage rate does not result in any change in the quantity of labor supplied

▸ a change in the wage rate results in the quantity of labor supplied changing in the same direction

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Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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