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    Exam 7: The Economy at Full Employment
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    Figure 7.2 -Refer to Figure 7.2. at Wage Rate $12, There Is
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Figure 7.2 -Refer to Figure 7.2. at Wage Rate $12, There Is

Question 43

Question 43

Multiple Choice

  Figure 7.2 -Refer to Figure 7.2. At wage rate $12, there is a _______ of labor equal to _______ million people. A)  surplus; 40 B)  shortage; 40 C)  shortage; 90 D)  surplus; 90 Figure 7.2
-Refer to Figure 7.2. At wage rate $12, there is a _______ of labor equal to _______ million people.


A) surplus; 40
B) shortage; 40
C) shortage; 90
D) surplus; 90

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