If, as a result of imperfect information, firms set their wage rates ________ the market clearing wage rate, there will be a shortage of workers.

Name: If, as a result of imperfect information, firms set their wage rates ________ the market clearing wage rate, there will be a shortage of workers.
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When firms set their wage rates below the market clearing wage rate, it results in a shortage of workers because the wage is not high enough to attract the necessary number of employees.

If, as a Result of Imperfect Information, Firms Set Their