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NYC NYC
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8 years ago
Suppose the equilibrium wage rate in the labor market is $20 and the demand for labor decreases. If wages are sticky, there will be a:
A) surplus of labor and the wage rate stays the same.
B) shortage of labor and the wage rate increases.
C) surplus of labor and the wage rate increases.
D) surplus of labor and the wage rate declines.
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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JesslynJesslyn
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NYC Author
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#2
8 years ago
Perfect answer, thank you
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