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If the real wage rate is such that the quantity of labor supplied equals the quantity of labor demanded
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If the real wage rate is such that the quantity of labor supplied equals the quantity of labor demanded
If the real wage rate is such that the quantity of labor supplied equals the quantity of labor demanded
A) a full-employment equilibrium occurs.
B) actual GDP equals potential GDP.
C) the supply curve of labor is vertical.
D) Both answers A and B are correct.
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Macroeconomics
Edition:
12
th
Author:
Parkin
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