Question $8(1$ point$)$

When the economy's rate of unemployment is higher than the natural rate, this creates:

a$)$ upward pressure on wages to eliminate the shortage in the labor market.

b$)$ downward pressure on wages to eliminate the surplus in the labor market.

c$)$ upward pressure on wages to eliminate the surplus in the labor market.

d$)$ downward pressure on wages to eliminate the shortage in the labor market.