If the real wage rate is such that the quantity of labor supplied is greater than the quantity of labor demanded
A) the economy is at full employment.
B) actual real GDP will not equal potential GDP.
C) job search decreases.
D) labor resources are allocated efficiently.
Correct Answer:
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Q115: Q116: Q117: Q118: If the price level rises relative to Q119: In the labor market, an increase in Q121: An increase in a nation's population results Q122: Full employment corresponds to Q123: The real wage rate will fall if Q124: If the population increases, then potential GDP Q125: The U.S. employment-to-population ratio peaked in 2000 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
