Which of the following will increase the natural unemployment rate?
i. a minimum wage set above the equilibrium wage.
ii. efficiency wages
iii. union-negotiated waged
A) i only.
B) i and ii.
C) i and iii only.
D) ii and iii only.
E) i, ii and iii.
Correct Answer:
Verified
Q102: Q149: Efficiency wages are Q150: Q151: The minimum wage is a Q152: If the minimum wage is set Q153: Q155: An efficiency wage Q157: An efficiency wage is designed to Q158: Efficiency wages are Q159: 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
A) mandated by law.
B) set
A) possible cause
A) below
A) is set above the
A) induce
A) the legal minimum wage
