If the real wage rate is such that the quantity of labor supplied is greater than the quantity of labor demanded
A) the economy is at full employment.
B) actual real GDP will not equal potential GDP.
C) job search decreases.
D) labor resources are allocated efficiently.
B
Economics
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What determines the price and the quantity produced of most goods?
a. the consumer's perception of necessity b. the interaction of supply and demand c. the quality of the goods that are produced d. the availability of substitutes for the goods
Economics
Among the prospective rules that set target variables directly, only the nominal GDP rule
A) provides a nominal anchor. B) is easy for the Fed to achieve. C) allows a neutral response to a supply shock. D) is insulated from the effects of unstable velocity.
Economics