Which of the following statements is NOT true?
A) Unemployment in the US economy represents an excess demand for labor.
B) A surplus may be reduced by shifting the demand curve rightward.
C) A surplus may be reduced by shifting both the supply and demand curves.
D) A shortage may be reduced by shifting the supply rightward.

Question

Quizplus · Accepted Answer

Unemployment in the US economy represents an excess supply of labor, not excess demand.

Which of the Following Statements Is NOT True