Hospitals announce that there are not enough nurses available to keep them fully staffed. Economically speaking, what does this announcement mean?
A. The market wage for nurses will eventually rise to the market clearing wage.
B. There is currently a surplus of nurses in this market.
C. The market will adjust very rapidly to correct this imbalance because anyone can be a nurse without any training.
D. The market wage for trained nurses is currently above the equilibrium wage.
Answer: A
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Fill in the blank(s) with the appropriate word(s).