
-The table above shows the labor market for the country of Pickett. When the labor market is in equilibrium, the real wage rate is and of labor a year are employed.
A) any value less than $25 an hour; any value greater than 40 billion hours
B) any value greater than $30 an hour; any value more than 40 billion hours
C) $30 an hour; 40 billion hours
D) any value greater than or equal to $25 an hour; any value less than 40 billion hours
Correct Answer:
Verified
Q112: Q113: Equilibrium in the labor market Q125: Q126: In the labor market, an increase in Q127: Q128: Q129: If the labor market is in equilibrium Q132: When the quantity of labor demanded exceeds Q133: If the real wage rate is such Q134: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
A) cannot occur![]()
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