Along a Straight-Line Demand Curve for Labor

question 1

Multiple Choice

Along a straight-line demand curve for labor

• A) the slope becomes more negative as the wage rises.
• B) the elasticity of demand remains constant.
• C) demand becomes more elastic as the wage rises.
• D) demand becomes less elastic as the wage rises.

---

Definitions:

Money Supply

The total amount of money available in an economy at a specific time, including cash and various types of deposits.

Government Securities

Financial instruments issued by the government to finance its expenditures, offering a return to the investors.

Banking System

The network of institutions that accept deposits, offer loans, and provide a variety of financial services to their customers, including savings and checking accounts.

Paper Money

Currency in the form of paper notes, issued by the government or central bank, representing a claim on the issuing country's government.