« previous next »

Author Question: If at the prevailing real wage rate, the quantity of labor supplied exceeds the quantity demanded ... (Read 40 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?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Hormonal regulation of digestion rate in the stomach and small intestine. Hormonal regulation of digestion rate in the stomach and small intestine.
Advection of an air mass with a different ELR (environmental lapse rate). Advection of an air mass with a different ELR (environmental lapse rate).
Marketing: Real People, Real Choices Marketing: Real People, Real Choices
If a graph has the following x-intercepts, which value of x is the instantaneous rate of change ... If a graph has the following x-intercepts, which value of x is the instantaneous rate of change ...
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 ...
Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ... Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ...
Video: Cardiac Cycle (Part 3 of 4)

For a complete list of videos, visit our video library