« previous next »

Author Question: If at the prevailing real wage rate, the quantity of labor supplied exceeds the quantity demanded ... (Read 119 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?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Water vapor is supplied to the atmosphere by local evaporation or horizontal transport (advection). Water vapor is supplied to the atmosphere by local evaporation or horizontal transport (advection).
Determining the order and rate constant of an irreversible first-order reaction Determining the order and rate constant of an irreversible first-order reaction
Effect of Increasing the Investment Rate on the Steady State Effect of Increasing the Investment Rate on the Steady State
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 ...
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 ...
Outgroup role in relative rate test Outgroup role in relative rate test
Video: Appendicitis Animation

For a complete list of videos, visit our video library