The Labor Demand Curve Slopes Downward Because

question 171

Multiple Choice

The labor demand curve slopes downward because

• A) the firm maximizes profits by hiring more labor when the real wage rate rises.
• B) the firm maximizes profits by hiring more labor when the real wage rate falls.
• C) workers supply fewer hours of work when the real wage rate rises.
• D) workers supply more hours of work when the real wage rate rises.

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