Multiple Choice
An increase in the population and hence the supply of labor causes a
A) shortage of labor at the original real wage rate and the real wage rate will fall.
B) surplus of labor at the original real wage rate and the real wage rate will rise.
C) surplus of labor at the original real wage rate and the real wage rate will fall.
D) shortage of labor at the original real wage rate and the real wage rate will rise.
Correct Answer:
Verified
Correct Answer:
Verified
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