When the real wage rate is such that the quantity of labor demanded equals the quantity of labor supplied, .
A) real GDP produced equals potential GDP
B) the short- run aggregate supply curve is vertical
C) the real wage rate is $25 an hour
D) job search is zero
Correct Answer:
Verified
Q113: Equilibrium in the labor market
A) cannot occur
Q134: Q136: When the population increases with no change Q137: Q138: If the real wage rate is such Q140: Full employment corresponds to Q141: In Country A, the working age population Q142: If both the supply of labor and 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) being at the
