Multiple Choice
According to the economists' model of labor markets, when it is observed that wages are rising while prices remain constant, it can be surmised that
A) more people are entering the job market.
B) the supply of labor is outpacing the demand for labor.
C) everyone is working.
D) productivity is increasing.
E) people are working less.
Correct Answer:
Verified
Correct Answer:
Verified
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