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Loraine Loraine
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8 years ago
Households increase the quantity of labor supplied when the
A) real wage rate rises because the opportunity cost of not working falls.
B) nominal wage rate rises because the real wage rate must also rise.
C) real wage rate rises because the opportunity cost of not working rises.
D) nominal wage rate falls because the opportunity cost of not working rises.
E) income tax rises because an increase in the income tax increases the demand for labor.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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8 years ago
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8 years ago
You're welcome Happy Dummy
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