Suppose There Is a Rise in the Real Wage Rate

question 40

Multiple Choice

Suppose there is a rise in the real wage rate. As a result, the quantity of labor demanded

• A) increases only if the price level also decreases.
• B) increases.
• C) does not change because there is no change in the money wage rate.
• D) decreases.

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Definitions:

Volunteerism

The practice of offering one's time and services to assist others or contribute to a cause without financial compensation.

Staff

Employees or workers who are part of an organization or business and contribute to its operations and success.

Schedule

A schedule is a planned set of activities or tasks along with their designated times and durations, intended to manage time efficiently.

Variable Ratio

A variable ratio is a schedule of reinforcement where a response is rewarded after an unpredictable number of responses, often used in behavior analysis.