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Author Question: Assumptions of Classical EconomicsWage Rate Supply of Labor Demand for ... (Read 49 times)

emoedee

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on: Nov 23, 2022
Assumptions of Classical Economics


Wage Rate   Supply
 of  Labor		  Demand
 for Labor
$21​480​165​
16​320​320​
9​270​375​
Labor data in the table are in millions of workers.

Refer to the data in the table. According to classical economists, if the wage rate is ________.
◦ $21 the wage rate will increase to eliminate the shortage of labor
◦ $21 the wage rate will decline to eliminate the surplus of labor
◦ $21 the wage rate will decline to eliminate the shortage of labor
◦ $9 the wage rate will decline to eliminate the surplus of labor
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by emoedee on Nov 23, 2022

DevinBrifm

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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emoedee

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Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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