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Delicious77 [7]
3 years ago
8

A reduction in the supply of labor will cause wages to

Social Studies
1 answer:
aliina [53]3 years ago
8 0
The correct answer is "increase and employment to increase." A reduction in the supply of labor will cause wages to <span>increase and employment to increase. </span>If the demand for labor remains constant wages will increase.<span>
As the labor supply is reduced, companies will compete to hire workers for the highest price, thus increasing both wages and employment.</span>
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