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Loraine Loraine
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8 years ago
A surplus in the labor market indicates that the
A) real wage rate is above the equilibrium wage rate but it is too low to eliminate the surplus of labor.
B) quantity of labor demanded is less than the quantity of labor supplied.
C) real wage rate has to rise before the labor market will reach equilibrium.
D) workers are not looking for work because they enjoy their leisure time.
E) real wage rate is less than the equilibrium wage rate.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 603 times
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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8 years ago
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8 years ago
You're welcome Happy Dummy
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3 years ago
thanks
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3 years ago
Thank you
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