Multiple Choice
Suppose the wage rate in the labor market is $15 and the productivity of workers increases,which of the following statements is INCORRECT?
A) The labor demand curve shifts to the right.
B) If wages are flexible,there will be an increase in wages.
C) If wages are sticky,there will be a shortage in the labor market.
D) If wages are sticky,there will be a surplus in the labor market.
Correct Answer:
Verified
Correct Answer:
Verified
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