Wage rigidity:
A) forces labour demand to equal labour supply.
B) is caused by sectoral shifts.
C) prevents labour demand and labour supply from reaching the equilibrium level.
D) increases the rate of job finding.
Correct Answer:
Verified
Q24: Public policy to increase the job-finding rate
Q25: If wage rigidity holds the real wage
Q26: All of the following are causes of
Q27: Centralized union wage bargaining with government intervention
Q31: actively searching for a job to match
Q34: Which of the following statements about minimum-wage
Q42: In the case of unions, the conflict
Q44: Permitting a lower minimum wage for teenagers
Q50: Unions contribute to structural unemployment when collective
Q54: According to efficiency-wage theories, firms benefit by
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