If the real wage is below the equilibrium real wage,there would be a ________ of workers and the real wage would ________.

Name: If the real wage is below the equilibrium real wage,there would be a ________ of workers and the real wage would ________.
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Question

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When the real wage is below the equilibrium real wage, there is a shortage of workers, leading to upward pressure on wages, causing the real wage to rise.

If the Real Wage Is Below the Equilibrium Real Wage,there