Ans: d. number of available workers
The market supply of labor depends on the
a. number of employers
b. marginal revenue product of labor
c. price of the product being produced
d. number of available workers
Economics
You might also like to view...
A country reports that its actual real GDP is greater than its potential GDP. It must be that
A) more workers decided to quit work in order to enjoy leisure time. B) the excess by which real GDP exceeds potential GDP is only temporary, and eventually real GDP will decrease to be equal to potential GDP. C) the price level is increasing. D) an error was made when calculating actual real GDP. E) None of the above answers is correct because it is impossible for a country's real GDP to exceed its potential GDP.
Economics
List and briefly describe the three types of unemployment
What will be an ideal response?
Economics
Which one is a macroeconomic topic?
a. A business decides to buy new software. b. A person decides to return to college. c. The central bank lowers interest rates to stimulate the economy. d. The government issues new environmental regulations.
Economics
In a demand-pull inflation, if the Fed stops expanding the quantity of money...
What will be an ideal response?
Economics