Practice mode Aggregate Supply, Unemployment And Inflation

At any real wage, how would we normally expect the labour force to compare with the number of workers willing to accept job offers?

Correct answer B. Larger

Explanation

The labour force includes everyone in work or looking for it, but some will refuse jobs at a given wage, so it is larger than the number willing to accept.

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At any real wage, how would we normally expect the labour force to compare with the number of workers willing to accept job offers?

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At any real wage, how would we normally expect the labour force to compare with the number of workers willing to accept job offers?

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