If the price level increases and workers' money wage rates remain constant,which of the following will occur?
I. The quantity of labor supplied will decrease.
II. The real wage rate will decrease.
III. The labor supply curve will shift rightward.
A) I only
B) I and II
C) II and III
D) I, II and III
Question 2
Suppose the country of Tiny Town experienced frictional unemployment. This frictional unemployment would
A) definitely signal that the country is in a recession.
B) be considered a natural occurrence in a growing economy.
C) signal that there are more job leavers than job losers.
D) signal that the number of discouraged workers is growing.
The “Infertility Belt” In certain countries in Central Africa, infertility rates are as high as 30%
Divorce Rates, Selected Countries In many countries divorce rates have risen in recent decades.
Ripped Money
A Drug’s Plateau Level
What is the value of the equilibrium constant, K, at 25°C for the reaction?
The charge for telephone calls T is partly constant and partly varies with the number N of ...