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will be a shortage of labor in the labor market if the current wage is...

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will be a shortage of labor in the labor market if the current wage is below the equilibrium wage there is more government regulation in firms hiring firing process the current wage is above the equilibrium wage labor supply increases and demand decreases Question 5 3 points Usten The annual inflation rate measures the percentage growth rate of the CPI from one year to the next Oreal GDP from one year to the next O the CPI from the base period 1982 1984 to a given year real GDP from the base period 1982 1984 to a given year

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