Suppose that efficiency wages become more common in the economy.Economists would predict that this would
A) increase the quantity demanded and decrease the quantity supplied of labor,thereby decreasing the natural rate of unemployment.
B) decrease the quantity demanded and increase the quantity supplied of labor,thereby increasing the natural rate of unemployment.
C) increase the quantity demanded and decrease the quantity supplied of labor,thereby increasing the natural rate of unemployment.
D) decrease the quantity demanded and increase the quantity supplied of labor,thereby decreasing the natural rate of unemployment.
Correct Answer:
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Q23: Minimum-wage laws,unions,and efficiency wages contribute to
A)both structural
Q37: Job search
A)and firms paying wages above equilibrium
Q39: Minimum-wage laws and unions are similar to
Q333: Efficiency wages, minimum-wage laws, and unions all
A)keep
Q354: The theory of efficiency wages explains why
A)setting
Q404: Unions
A) and firms paying wages above equilibrium
Q504: If minimum-wage laws,unions,efficiency wages,and all other factors
Q508: Which of the following is correct?
A) Nearly
Q510: Which of the following is not correct?
A)
Q512: Which of the following is not a
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