« previous next »

Author Question: If at the prevailing real wage rate, the quantity of labor supplied exceeds the quantity demanded ... (Read 96 times)

tsand2

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

C

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Primary production is positively correlated with the evapotranspiration rate. Primary production is positively correlated with the evapotranspiration rate.
Indentured Labor from Asia Indentured Labor from Asia
The rate of facilitated diffusion The rate of facilitated diffusion
Factors That Affect Your Basal Metabolic Rate Factors That Affect Your Basal Metabolic Rate
How to calculate invest at each rate How to calculate invest at each rate
An educational institution has total direct labor and material costs of $1964 per student. Its ... An educational institution has total direct labor and material costs of $1964 per student. Its ...
Video: Definitions of stroke volume, preload definition & Factors influencing stroke volume

For a complete list of videos, visit our video library