The increase in the average unemployment rate in the 1970s was the result of
A) the reduction of overly generous unemployment benefits in the 1970s.
B) repeated increases in the minimum wage.
C) an increase in the birth rate in the early 1970s.
D) higher real wage rates.
E) an increase in the birth rate in the late 1940s and early 1950s.
Correct Answer:
Verified
Q143: When the labor market is in equilibrium
Q144: If the government raises income taxes, then
Q145: Which of the following creates job rationing?
A)Job
Q146: Efficiency wages are
A)set below the equilibrium level
Q147: Diminishing returns means that
A)hiring more labor results
Q148: To maximize profits, firms hire labor as
Q149: The level of real GDP the economy
Q150: If the economy is fully employed, which
Q152: Diminishing returns along a production function means
Q153: Which of the following will increase the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents