Multiple Choice
If the wage rate in the labor market is $17 and the productivity of workers decreases, which of the following statements is incorrect?
A) The labor demand curve shifts to the left.
B) If wages are flexible, there will be a decrease 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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