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In a horizontal section of a labor supply curve, ________.
partygirl4u59
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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
Textbook
Macroeconomics
Edition:
3
rd
Authors:
Acemoglu, Laibson, List
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the wage rate does not change as the quantity of labor supplied changes
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