Above-equilibrium wages caused by efficiency wages will most likely result in
a. a shortage of labor.
b. increased unemployment.
c. compensating wage differentials.
d. an decrease in the quantity of labor supplied.
b
Economics
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Real GDP can increase if the
i. quantities of goods and services produced decrease and prices fall by a smaller percentage. ii. quantities of goods and services produced decrease and prices fall by a larger percentage. iii. quantities of goods and services produced decrease and prices do not change. iv. quantities of goods and services produced increase. A) i and iii B) iii only C) i only D) iv only E) i, ii, and iii
Economics
How do government policies that enforce property rights affect economic growth?
What will be an ideal response?
Economics