Which of the following statements is true?
A) At wages below the equilibrium wage rate, quantity demanded of labor exceeds the quantity supplied of labor.
B) At wages above the equilibrium wage rate, quantity demanded of labor exceeds the quantity supplied of labor.
C) At the equilibrium wage rate, quantity demanded of labor exceeds the quantity supplied of labor.
D) At the equilibrium wage rate, quantity supplied of labor exceeds the quantity demanded of labor.
A
Economics
You might also like to view...
A crawling peg is an exchange rate arrangement in which the rate is adjusted in small amounts at fixed, preannounced rates
Indicate whether the statement is true or false
Economics
Technological change was a major contributor to the productivity speed-up from 1995-2000
a. True b. False Indicate whether the statement is true or false
Economics