When the real wage is below the equilibrium price in the labor market ________
A) we have an excess supply of labor and the real wage should fall
B) we have an excess demand of labor and the real wage should fall
C) we have an excess demand of labor and the real wage should increase
D) we have an excess supply of labor and the real wage should increase
E) none of the above
C
Economics
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Refer to Figure 18.2. In autarky, the maximum amount of fishing poles that Macadamia can produce is
A) 40. B) 100. C) 120. D) 160.
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Depository institutions do all the following EXCEPT
A) minimize the cost of obtaining funds. B) create liquidity. C) pool risks. D) create required reserve ratios.
Economics