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Author Question: If at the prevailing real wage rate, the quantity of labor supplied exceeds the quantity demanded ... (Read 123 times)

tsand2

  • Hero Member
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  • Posts: 520
on: Jun 29, 2018
If at the prevailing real wage rate, the quantity of labor supplied exceeds the quantity demanded
 
  A) there is a shortage of labor.
  B) the real wage rate will rise to restore equilibrium.
  C) the real wage rate is greater than the equilibrium real wage rate.
  D) None of the above answers is correct.

Question 2

If the real interest rate rises, people
 
  A) save more.
  B) save less.
  C) earn a higher real wage rate.
  D) decrease their expected future income.


duke02

  • Sr. Member
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  • Posts: 312
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


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