• 2022-06-07
    An increase in the population and hence the supply of labor causes a
    A: shortage of labor at the original real wage rate and the real wage rate will fall.
    B: surplus of labor at the original real wage rate and the real wage rate will rise.
    C: surplus of labor at the original real wage rate and the real wage rate will fall.
    D: shortage of labor at the original real wage rate and the real wage rate will rise.