When the quantity of labor demanded exceeds the quantity of labor supplied, the real wage rate
A) rises to eliminate the labor-market surplus.
B) rises to eliminate the labor-market shortage.
C) falls to eliminate the labor-market shortage.
D) falls to eliminate the labor-market surplus.
Correct Answer:
Verified
Q113: Equilibrium in the labor market
A) cannot occur
Q114: If the labor market is in equilibrium
Q115: Q116: If the real wage rate is such Q117: At the full-employment equilibrium in the labor Q119: Q120: Full employment corresponds to Q121: Dividing the value of real GDP by Q122: An increase in a nationʹs population results Q123: 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) equilibrium in the
