Which of the following creates job rationing?
A) Job search decreases.
B) An increase in unemployment benefits.
C) The real wage rate is below the equilibrium level.
D) The real wage rate is equal to the equilibrium level.
E) The real wage rate is above the equilibrium level.
Correct Answer:
Verified
Q140: -------------adopts the view that aggregate fluctuations are
Q141: An efficiency wage is designed to
A)decrease the
Q142: Q143: When the labor market is in equilibrium Q144: If the government raises income taxes, then Q146: Efficiency wages are Q147: Diminishing returns means that Q148: To maximize profits, firms hire labor as Q149: The level of real GDP the economy Q150: If the economy is fully employed, which
A)set below the equilibrium level
A)hiring more labor results
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