If at the prevailing real wage rate, the quantity of labor supplied exceeds the quantity demanded
A) there is a shortage of labor.
B) the real wage rate will rise to restore equilibrium.
C) the real wage rate is greater than the equilibrium real wage rate.
D) None of the above answers is correct.
C
Economics
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At the equilibrium level of real gross domestic product (GDP), unplanned inventory adjustment equals
What will be an ideal response?
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