When the Quantity of Labour Demanded Exceeds the Quantity of Labour

question 9

Multiple Choice

When the quantity of labour demanded exceeds the quantity of labour supplied, the real wage rate

• A)rises to eliminate the labour market shortage.
• B)falls to eliminate the labour market surplus.
• C)rises to eliminate the labour market surplus.
• D)falls to eliminate the labour market shortage.
• E)does not change, but the money wage rate rises to eliminate the labour market shortage.

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