Multiple Choice
Slower real wage growth in the U.S. since the 1970s accompanied by rapid job growth, can be explained by:
A) skill-biased technological change.
B) globalization.
C) a productivity slowdown accompanied by an increase in the labor supply.
D) a productivity slowdown accompanied by a decrease in the labor supply.
Correct Answer:
Verified
Correct Answer:
Verified
Q45: The real wage is the:<br>A)price of labor.<br>B)demand
Q46: Structural unemployment will decrease when:<br>A)the minimum wage
Q47: The following table provides information about production
Q48: Assume the minimum wage exceeds the market-clearing
Q49: Short-term unemployment that is associated with the
Q51: Skill-biased technological change increases wage inequality by
Q52: Holding other factors constant, if the education
Q53: If the Luddites had succeeded in _
Q54: Skill-biased technological has different effects on the
Q55: Periods of unusually low production in an