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

Name: If, as a result of imperfect information, firms set their wage rates ________ the market clearing wage rate, there will be a surplus of workers.
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When firms set their wage rates above the market clearing wage rate, it results in a surplus of workers because more people are willing to work at the higher wage than there are jobs available.

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