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NYC NYC
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8 years ago
Suppose the wage rate in the labor market is $17 and the productivity of workers decreases, which of the following statements is incorrect?
A) If wages are sticky, there will be a surplus in the labor market.
B) The labor demand curve shifts to the left.
C) If wages are flexible, there will be an decrease wages.
D) If wages are sticky, there will be a shortage in the labor market.
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
Good answer, thanks.
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