What are three factors that determine current labour supply? (Select all that apply.) A. Reservation wage B. Aggregate output C. Lifetime wealth D. Total factor productivity E. The current real wage F. The real interest rate

Macroeconomics: Private and Public Choice (MindTap Course List)
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ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter8: Economic Fluctuations, Unemployment, And Inflation
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What are three factors that determine current labour supply? (Select all that apply.)
A. Reservation wage
B. Aggregate output
C. Lifetime wealth
D. Total factor productivity
E. The current real wage
F. The real interest rate
Transcribed Image Text:What are three factors that determine current labour supply? (Select all that apply.) A. Reservation wage B. Aggregate output C. Lifetime wealth D. Total factor productivity E. The current real wage F. The real interest rate
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