MCQOPTIONS
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MCQOPTIONS
| 1. |
If the real wage is too high in the labour market ? |
| A. | The quantity demanded of labour is higher than the quantity supplied |
| B. | The quantity demanded of labour equals the quantity supplied |
| C. | The quantity demanded of labour is lower than the quantity supplied |
| D. | It will automatically adjust in the short run to bring equilibrium |
| Answer» C. The quantity demanded of labour is lower than the quantity supplied | |