Multiple Choice
With unchanging labor supply and demand curves,employment greater than equilibrium employment requires a real wage ________ the equilibrium real wage,at a point that is off of the labor ________ curve.
A) below,supply
B) below,demand
C) above,supply
D) above,demand
Correct Answer:

Verified
Correct Answer:
Verified
Q16: An increase in the nominal money supply
Q17: The 1933 real GDP per person had
Q18: Consider an initial IS-LM equilibrium point which
Q19: The LM curve will shift to the<br>A)left
Q20: If the interest responsiveness of business firms
Q22: A fiscal expansion will<br>A)raise both the price
Q23: The Pigou effect refers to the fact
Q24: Let the government increase lump-sum taxes.The aggregate
Q25: During the Great Depression<br>A)there is good evidence
Q26: If there are perfectly flexible prices and