If minimum-wage laws,unions,efficiency wages,and all other factors that could prevent wages from reaching equilibrium were eliminated,then there would be no

Question

Quizplus · Accepted Answer

Structural unemployment is caused by factors such as technological advances, changes in the structure of industries, and changes in consumer demand for certain products or services. Eliminating factors such as minimum-wage laws, unions, and efficiency wages would not eliminate these structural factors that can cause unemployment. Therefore, there would still be structural unemployment even if these factors were eliminated.

If Minimum-Wage Laws,unions,efficiency Wages,and All Other Factors That Could Prevent