All Else Equal,if the Demand for Labour Increases and the Supply

question 4

Multiple Choice

All else equal,if the demand for labour increases and the supply of labour does not change,the equilibrium real wage will ________ and the equilibrium quantity of labour will ________.

• A) increase; increase
• B) increase; not change
• C) decrease; decrease
• D) not change; increase

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Definitions:

Structural-Functional Theory

A sociological perspective that sees society as a complex system whose parts work together to promote solidarity and stability.

Delayed Childbearing

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