When the quantity of labor demanded exceeds the quantity of labor supplied, the real wage rate
A) rises to eliminate the labor-market shortage.
B) falls to eliminate the labor-market surplus.
C) rises to eliminate the labor-market surplus.
D) falls to eliminate the labor-market shortage.
Correct Answer:
Verified
Q97: The labor force participation rate
A) does not
Q98: The quantity of labor supplied depends on
Q99: Suppose there is a rise in the
Q100: As the real wage rate increases, the
A)
Q101: If the price level increases and workers'
Q103: If at the prevailing real wage rate,
Q104: At the full-employment equilibrium in the labor
Q105: If the real wage rate is such
Q106: Greater labor force participation for households at
Q107: 
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