According to Classical economists, if the quantity of labor supplied exceeds the quantity demanded,

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According to Classical economists, if the quantity of labor supplied exceeds the quantity demanded,

According to Classical economists, if the quantity of labor supplied exceeds the quantity demanded, there is a:
A) shortage of labor and wages will fall.
B) surplus of labor and wages will fall.
C) surplus of labor and wages will rise.
D) shortage of labor and wages will rise.

Textbook

Principles of Macroeconomics

Edition: 11^th

Authors: Case, Fair, Oster

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