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If the quantity of labor demanded exceeds the quantity of labor supplied, ________.
JSmith1
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If the quantity of labor demanded exceeds the quantity of labor supplied, ________.
If the quantity of labor demanded exceeds the quantity of labor supplied, ________.
▸ the aggregate price index will rise
▸ the wage rate will fall
▸ the aggregate price index will fall
▸ the wage rate will rise
Textbook
Macroeconomics
Edition:
3
rd
Authors:
Acemoglu, Laibson, List
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the wage rate will rise
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JSmith1
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You make an excellent tutor!
fxinternational
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Brilliant
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Ctownsend
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Good timing,
thanks!
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