Multiple Choice
Which of the following statements is true?
A) Lack of information relating to the job market can lead to unemployment.
B) There is no voluntary unemployment at the equilibrium wage rate.
C) If the supply of labor exceeds the demand for labor, wage rates tend to rise.
D) If the demand for labor exceeds the supply of labor, wage rates tend to fall.
Correct Answer:
Verified
Correct Answer:
Verified
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