Multiple Choice
The minimum-wage, insider-outsider, and the efficiency-wage explanations all seek to explain
A) the increase in the employment-to-population ratio over the past 40 years.
B) the trend in real wages over the past 40 years.
C) why the labor market is always in a state of flux.
D) why the real wage is above the equilibrium real wage.
E) why there is a persistent excess demand for labor.
Correct Answer:
Verified
Correct Answer:
Verified
Q59: Which of the following explanations argues that
Q60: An individual who only works 11 months
Q61: The natural rate of unemployment is equal
Q62: An increase in the tax rate on
Q63: If the number of people working part-time
Q65: Which indicators of conditions in the labor
Q66: What type of policies will reduce frictional
Q67: The natural unemployment rate<br>A)can be precisely estimated
Q68: When the overall unemployment rate declines, the
Q69: Minimum-wage laws are the only valid explanation