An Aggregate Labor Supply Curve Is Likely to Be Vertical

question 70

Multiple Choice

An aggregate labor supply curve is likely to be vertical if:

• A)there is a fixed supply of labor.
• B)the opportunity cost of labor service is high.
• C)the substitution effect of a wage increase exactly offsets the income effect.
• D)leisure is a normal good.

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Definitions:

Character Assassination

An attempt to label or discredit an opponent.

Discredit An Opponent

The act of undermining the reputation or credibility of a rival or adversary, often in a competitive or argumentative context.

Character Assassination

The deliberate and sustained effort to damage the reputation or credibility of an individual, often involving spreading false or misleading information.

Common Interests

Shared goals, hobbies, or preferences among individuals or groups, facilitating bonding and cooperation.