If the Real Wage Rate Decreases from $9

question 314

Multiple Choice

If the real wage rate decreases from $9.00 per hour to $8.00 per hour, the

• A)quantity demanded of labor increases.
• B)demand for labor increases.
• C)quantity supplied of labor increases.
• D)supply of labor increases.
• E)equilibrium quantity of employment must decrease.

---

Definitions:

Correlational Method

A statistical technique that measures the degree of the relationship between two variables, expressed by the correlation coefficient.

Psychological Makeup

The combination of emotional, mental, and personality characteristics that define an individual.

Stimulus Variable

An environmental, psychological, or physiological factor that can cause a change in the behavior or physiological state of an individual.

Online Testing

The administration of exams or assessments over the internet, allowing for remote evaluation of subjects' knowledge, skills, or psychological traits.