As the Real Wage Decreases, the Quantity of Labor Demanded

question 32

Multiple Choice

As the real wage decreases, the quantity of labor demanded ________ and the quantity of labor supplied ________.

• A)increases; increases
• B)increases; decreases
• C)decreases; decreases
• D)decreases; increases

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Definitions:

Irritability

A state of increased sensitivity or annoyance, typically as a reaction to external stimuli or personal stress.

Low Blood Pressure

A condition where blood pressure is lower than normal, potentially causing symptoms like dizziness or fainting.

Hypothyroidism

A condition caused by a marked deficiency of thyroid secretion.

Thyrotropin

A hormone, also known as thyroid-stimulating hormone (TSH), that regulates the production of thyroid hormones.