Multiple Choice
Which of the following statements is true?
A) Both employees and employers have complete information about each other in a frictionless labor market.
B) The market wage rate is always below the equilibrium wage rate in a frictionless labor market.
C) There is always some unemployment in a frictionless labor market.
D) Labor markets in the United States are frictionless.
Correct Answer:
Verified
Correct Answer:
Verified
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