Multiple Choice
If a union raises the wage in its industry above equilibrium,then there is an increase in
A) structural unemployment which is part of cyclical unemployment.
B) structural unemployment which is part of the natural rate of unemployment.
C) frictional unemployment which is part of cyclical unemployment.
D) frictional unemployment which is part of the natural rate of unemployment.
Correct Answer:
Verified
Correct Answer:
Verified
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