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.

---

Definitions:

You-Viewpoint

A communication technique focusing on and prioritizing the perspective, interests, or needs of the audience or recipient.

Persuasive Request

A communication attempt aiming to convince or motivate the recipient to take a specific action or agree to a proposal.

Objectivity

The quality of being unbiased, unprejudiced, and impartial, ensuring personal feelings, interpretations, or prejudice do not influence the depiction of facts.

Sales Messages

Communications designed to persuade or inform potential customers about a product or service, with the aim of initiating a purchase.