Multiple Choice
According to the job-rationing explanation of unemployment, if there is unemployment,
A) the number of people employed will increase to the equilibrium level.
B) the real wage will increase to the equilibrium level.
C) the real wage will not fall to the equilibrium level.
D) the real wage will fall to the equilibrium level.
E) the number of people employed will decline to the equilibrium level.
Correct Answer:
Verified
Correct Answer:
Verified
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