When the Real Wage Is Below the Equilibrium Price in the Labor

question 79

Multiple Choice

When the real wage is below the equilibrium price in the labor market ________.

• A)we have an excess supply of labor and the real wage should fall
• B)we have an excess demand of labor and the real wage should fall
• C)we have an excess demand of labor and the real wage should increase
• D)we have an excess supply of labor and the real wage should increase
• E)none of the above

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Definitions:

Inhibitory Postsynaptic Potential

A type of synaptic potential that makes a post-synaptic neuron less likely to generate an action potential.

Excitatory Postsynaptic Potential

A temporary increase in postsynaptic membrane potential caused by the flow of positively charged ions into the postsynaptic cell.

Presynaptic Neuron

The neuron that sends a signal across a synapse to a target neuron during neurotransmission.

Action Potentials

Rapid electrical impulses that travel along the axon of a neuron, enabling nerve signal transmission.