Multiple Choice
One labor market quirk that helps explain why unemployment goes up so much in a recession is that
A) a price floor called a "minimum wage law" exists for the labor market.
B) wages are flexible upward but "sticky" downward.
C) firms are "demanders" of labor, rather than suppliers.
D) machines could "replace" humans in the labor market.
Correct Answer:
Verified
Correct Answer:
Verified
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