This is for macroeconomics:
We studied how wage rigidities in the labor market can lead to shortages and surpluses of labor.
If there are wage rigidities in the market for labor, then an inward shift of the labor demand curve would create which of the following in the labor market if it were originally in equilibrium?
Group of answer choices
The labor market would remain in equilibrium
A shortage of labor
A surplus of labor (unemployment)