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(Figure: Labor Supply and Demand) Figure: Labor Supply and Demand

Question 44

Multiple Choice

(Figure: Labor Supply and Demand) Figure: Labor Supply and Demand (Figure: Labor Supply and Demand) Figure: Labor Supply and Demand What is the unemployment rate caused by the labor union's action of increasing its wage demands to $11 an hour? A) 66.7 percent B) 75.6 percent C) 40 percent D) 60 percent What is the unemployment rate caused by the labor union's action of increasing its wage demands to $11 an hour?


A) 66.7 percent
B) 75.6 percent
C) 40 percent
D) 60 percent

Correct Answer:

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