-Refer to the Diagram Above

question 1

Multiple Choice

-Refer to the diagram above. Which of the following is a true statement?

• A) backward-bending supply curves for labor are typical in the short run
• B) workers react to higher wages by working more hours in the long run
• C) long run reaction to higher wages is an increase in hours worked to gain more income
• D) backward-bending supply curves for labor are not typical in the short run

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