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The real wage rate is $35 an hour. At this wage rate there are 100 billion labor hours supplied and 200 billion labor hours demanded.
The real wage rate is $35 an hour. At this wage rate there are 100 billion labor hours supplied and 200 billion labor hours demanded. There is a A. shortage of 300 billion hours of labor. B. surplus of 100 billion hours of labor. O C. shortage of 100 billion hours of labor. D. surplus of 300 billion hours of labor. O E. shortage of 200 billion hours of labor
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