- Suppose The Equilibrium Wage Rate In The Labor Market Is 10 And The Demand For Labor Increases If Wages Are Sticky Th 1 (11.68 KiB) Viewed 69 times
Suppose the equilibrium wage rate in the labor market is $10 and the demand for labor increases. If wages are sticky, th
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Suppose the equilibrium wage rate in the labor market is $10 and the demand for labor increases. If wages are sticky, th
Suppose the equilibrium wage rate in the labor market is $10 and the demand for labor increases. If wages are sticky, there will be a shortage of labor and the wage rate increases shortage of labor and the wage rate stays the same. surplus of labor and the wage rate declines surplus of labor and the wage rate increases