Efficiency wages, minimum-wage laws, and unions all
A) keep wages below the equilibrium level, causing a shortage of labor.
B) keep wages below the equilibrium level, causing a surplus of labor.
C) keep wages above the equilibrium level, causing a shortage of labor.
D) keep wages above the equilibrium level, causing a surplus of labor.
Correct Answer:
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Q3: An economy's natural rate of unemployment refers
Q5: The amount of unemployment varies little over
Q13: Some degree of unemployment is inevitable in
Q14: Most people rely primarily on income other
Q18: The amount of unemployment that a country
Q23: Minimum-wage laws,unions,and efficiency wages contribute to
A)both structural
Q26: If there were no factors keeping wages
Q31: Which of the following causes of unemployment
Q37: Job search
A)and firms paying wages above equilibrium
Q404: Unions
A) and firms paying wages above equilibrium
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