The Aggregate Supply of Labor Is the

question 87

Multiple Choice

The aggregate supply of labor is the

• A)total amount of time a person works over his or her lifetime.
• B)total amount of time a person spends in the labor force over his or her lifetime.
• C)unemployment rate.
• D)sum of the labor supplied by everyone in the economy.

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Definitions:

Information Dependence

Reliance on others for information about how to think, feel, and act.

Socialization

The process by which people learn the attitudes, knowledge, and behaviours that are necessary for a person to function in a group or organization.

Compliance

The act of conforming to, following, or acting in accordance with requests, standards, or rules.

Mere Compliance

Following orders, rules, or requests with minimal effort or enthusiasm, often without internal agreement or dedication.