Suppose that the economy is in equilibrium. If the supply of labor increases, then
A.Output will increase, the real rental price of capital will stay the same and the real wage rate will increase
B.Output will increase, the real rental price of capital will increase and the real wage rate will decrease.
C.Output will stay the same, the real rental price of capital will stay the same and the real wage rate will decrease.
D.Output will stay the same, the real rental price of capital will decrease and the real wage rate will decrease.
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