Minimum wage laws contribute to structural unemployment by:
A) keeping wages above the market-clearing level.
B) keeping wages below the market-clearing level.
C) allowing unemployed workers to search longer or less intensively for jobs.
D) forcing unemployed workers to take the first job offered to them.
Correct Answer:
Verified
Q109: When unemployment insurance benefits exceed the wages
Q110: Structural unemployment will decrease when:
A)the minimum wage
Q111: Assume that the union wage already exceeds
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Q115: An increase in unemployment insurance benefits will:
A)increase
Q116: Unemployment insurance contributes to structural unemployment by:
A)keeping
Q117: Assume the minimum wage exceeds the market-clearing
Q118: Labor unions contribute to structural unemployment by:
A)keeping
Q119: Health and safety regulations in the labor
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