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Other Fields Homework Help Economics Topic started by: Loraine on Jun 21, 2015



Title: In a labor market without an efficiency wage, minimum wage, or union wage, when the real wage rate e
Post by: Loraine on Jun 21, 2015
In a labor market without an efficiency wage, minimum wage, or union wage, when the real wage rate exceeds the equilibrium real wage rate, there is a ________ of labor and the real wage rate will ________.
A) surplus; fall
B) shortage; fall
C) shortage; rise
D) surplus; rise
E) surplus; not change because only efficiency wages or union wages can change.


Title: Re: In a labor market without an efficiency wage, minimum wage, or union wage, when the real wage ra
Post by: Smoooth on Jul 14, 2015
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Title: Re: In a labor market without an efficiency wage, minimum wage, or union wage, when the real wage rate e
Post by: Smoooth on Aug 31, 2015
You're welcome :-]