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If You Observed That the Both the Wage Rate and Employment

Question 35

Multiple Choice

If you observed that the both the wage rate and employment increased,which of the following would be a possible explanation?


A) A decrease in labor demand
B) An increase in labor demand that outpaced an increase in labor supply
C) A decrease in labor demand coupled with an increase in labor supply
D) A decrease in labor supply
E) An increase in labor supply that outpaced an increase in labor demand

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