Suppose the demand for labor shifts rightward due to economic growth, but the supply of labor remains unchanged. How does this affect the market outcome under an efficiency wage equilibrium?

One factor hastening the demise of the Soviet Union was _____

a. its military alliance with Cuba b. its attempt to keep up with the United States in an arms race c. its inability to predict the optimal amount of defense spending d. its strong economic output

Consumer surplus is the difference between the worth of a commodity to the consumer and the price the consumer pays for the commodity

a. True b. False Indicate whether the statement is true or false