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If the Labor Market Is in Equilibrium and Then the Labor

Question 114

Multiple Choice

If the labor market is in equilibrium and then the labor supply curve shifts rightward,


A) the equilibrium wage rate will rise.
B) there will be a surplus of labor at the original equilibrium wage rate.
C) there will be a surplus of jobs at the new equilibrium.
D) there will be a shortage of labor at the original equilibrium wage rate.

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