If the Labor Market Is in Equilibrium and Then the Labor

question 233

Multiple Choice

If the labor market is in equilibrium and then the labor supply curve shifts rightward

• A) there will be a shortage of labor at the original equilibrium wage rate.
• B) there will be a surplus of labor at the original equilibrium wage rate.
• C) the equilibrium wage rate will rise.
• D) there will be a surplus of jobs at the new equilibrium.

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Rebuilt in the Field

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Cost Effective

Referring to an operation, process, or product that provides the best possible outcome or value for the money spent, often used in evaluating financial decisions and investments.

Spring Brake Chamber

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A component in mechanical linkage systems, specifically designed to connect a pushrod to a functioning part, ensuring movement transmission.