If the labor demand decreases,what will happen to the real wage,employment,and output,assuming no change in the labor supply?
A) The real wage will increase,employment will decrease,and real output will increase.
B) The real wage will decrease,employment will decrease,and real output will increase.
C) The real wage will increase,employment will decrease,and real output will decrease.
D) The real wage will increase,employment will increase,and real output will increase.
E) The real wage will decrease,employment will decrease,and real output will decrease.
Correct Answer:
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