A Surplus of Labour Is Eliminated by ________ in the Real

question 42

Multiple Choice

A surplus of labour is eliminated by ________ in the real wage rate and a shortage of labour is eliminated by ________ in the real wage rate.

• A) a decrease; an increase
• B) a decrease; a decrease
• C) an increase; a decrease
• D) an increase; an increase
• E) None of the above answers is correct because shortages and surpluses are eliminated by changes in the demand for labour and the supply of labour, not the wage rate.

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