After an Increase in the Demand for Construction Workers, the Market

question 217

Multiple Choice

After an increase in the demand for construction workers, the market will attain its new long-run equilibrium faster if

• A) wages are flexible.
• B) wages are inflexible, forcing new people to enter the market.
• C) unions restrict the number of new construction workers.
• D) people ignore the shortage in the short run.

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