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The Labor Market Is Said to Be in Equilibrium When

Question 30

Multiple Choice

The labor market is said to be in equilibrium when


A) everyone who wants to work is supplying his or her labor.
B) the number of workers is equal to the number of jobs available at a specific wage.
C) firms are unwilling to hire more workers.
D) workers keep their hours constant.
E) the number of available workers is increasing.

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