-Refer to Figure 9-1.If labor supply shifts from S₁ to S₂,what will happen to the real hourly wage rate?
A) It will remain constant and employment will increase to 130 million
B) It will fall to $15 and employment will increase to 120 million
C) It will fall to $10 and employment will remain at 110 million
D) It will fall to $15 and employment will remain at 110 million
E) It will fall to $15 and employment will fall to 100 million
Correct Answer:
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