If the Real Wage Rate Is Such That the Quantity

question 81

Multiple Choice

If the real wage rate is such that the quantity of labor supplied by workers is less than the quantity of labor demanded by firms,

• A) the economy is at full employment.
• B) there is a shortage of labor.
• C) real GDP equals potential GDP since firms make the decision on how many workers to hire.
• D) the real wage rate will decrease.

---

Definitions:

Minority

A subgroup within a population that is fewer in numbers than the majority and may be differentiated by characteristics such as race, religion, language, or sexual orientation.

Night Terrors

A sleep disorder causing feelings of terror or dread, usually occurring during non-REM sleep stages, and often accompanied by screaming, thrashing, and a high degree of difficulty in waking the sufferer.

Sleep Spindles

Bursts of brain activity visible on an EEG that occur during stage 2 of sleep, associated with memory consolidation and learning.

Incoherently

Lacking logical or meaningful connection; speaking or thinking in a confused or disjointed manner.