If at the Prevailing Real Wage Rate, the Quantity of Labor

question 85

Multiple Choice

If at the prevailing real wage rate, the quantity of labor supplied exceeds the quantity demanded,

• A) there is a shortage of labor.
• B) the real wage rate is greater than the equilibrium real wage rate.
• C) the real wage rate will rise to restore equilibrium.
• D) None of the above answers is correct.

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