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Title: A surplus of labor is eliminated by ________ in the real wage rate and a shortage of labor is elimin Post by: Loraine on Jun 21, 2015 A surplus of labor is eliminated by ________ in the real wage rate and a shortage of labor is eliminated by ________ in the real wage rate.
A) an increase; an increase B) an increase; a decrease C) a decrease; an increase D) a decrease; a decrease E) None of the above answers is correct because shortages and surpluses are eliminated by changes in the demand for labor and the supply of labor, not the wage rate. Title: Re: A surplus of labor is eliminated by ________ in the real wage rate and a shortage of labor is el Post by: Smoooth on Jul 14, 2015 Content hidden
Title: Re: A surplus of labor is eliminated by ________ in the real wage rate and a shortage of labor is elimin Post by: Smoooth on Aug 31, 2015 You're welcome :-]
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