If the quantity of labor demanded exceeds the quantity of labor supplied,________.
A) the wage rate will rise
B) the wage rate will fall
C) the aggregate price index will rise
D) the aggregate price index will fall
Correct Answer:
Verified
Q129: Which of the following statements is true?
A)
Q130: Which of the following statements is true?
A)
Q131: The following figure shows wage versus labor
Q132: Which of the following statements is true?
A)
Q133: If,at a given wage,the quantity of labor
Q135: If the unemployment rate among workers without
Q136: The following figure shows two labor demand
Q137: The following figure shows wage versus labor
Q138: Which of the following statements is true?
A)
Q139: Consider two individuals: John and Jenna.John has
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