The Percentage of Workers Whose Wages Are Set by Explicit

Multiple Choice

The percentage of workers whose wages are set by explicit contracts increases. This should

A) make it more difficult for the labor market to reach an equilibrium after a change in the demand for labor.
B) make it easier for the labor market to reach an equilibrium after a change in the demand for labor.
C) have no impact on the movement of the labor market toward equilibrium after a change in the demand for labor.
D) cause the labor market to always be at an equilibrium, even if there is a change in the demand for labor.