Multiple Choice
According to the job-rationing explanation of unemployment,
A) there is an excess supply of labor at the prevailing wage.
B) the prevailing wage is higher than the equilibrium wage.
C) the amount employed depends on the demand for labor at the prevailing wage.
D) All of these
E) None of these
Correct Answer:
Verified
Correct Answer:
Verified
Q8: Lowering the minimum wage will reduce unemployment
Q9: Why is there very little change in
Q10: If the working-age population is 100 million,
Q11: To be counted as unemployed a person
Q12: Which of the following statements is true
Q14: A lower real wage gives firms an
Q15: If more jobs are created than destroyed
Q16: If both hours worked per employee and
Q17: If more jobs are destroyed than created,
Q18: Which of the following best explains the