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Author Question: Job rationing occurs if A) the Lucas wedge is positive. B) the minimum wage is set below the ... (Read 70 times)

LaDunn

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on: Jun 29, 2018
Job rationing occurs if
 
  A) the Lucas wedge is positive.
  B) the minimum wage is set below the equilibrium wage rate.
  C) an efficiency wage is set below the equilibrium wage rate.
  D) the real wage rate is pushed above the equilibrium wage rate.
  E) a union wage is set below the equilibrium wage rate.

Question 2

When U.S. real GDP increases, U.S. imports
 
  A) increase by more than the change in real GDP.
  B) decrease by less than the change in real GDP.
  C) decrease by the same amount.
  D) increase by less than the change in real GDP.
  E) increase by the same amount.


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rachel

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


LaDunn

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

jomama

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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