When unemployment is low, wages tend to
A)increase at a high rate.
B)decrease.
C)be low.
D)remain static.

Name: When unemployment is low, wages tend to A)increase at a high rate. B)decrease. C)be low. D)remain static.
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Question

Quizplus · Accepted Answer

When unemployment is low, there are fewer people available to fill job openings, so employers must compete for workers by offering higher wages. This can lead to an increase in wages at a high rate.

When Unemployment Is Low, Wages Tend to