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Author Question: Refer to the figure above. The labor market is currently at point E. Which of the following is ... (Read 60 times)

luvbio

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on: Jun 30, 2018
Refer to the figure above. The labor market is currently at point E. Which of the following is likely to happen if a recession hits the economy assuming that wages are flexible?
 
  A) The labor market equilibrium will move from E to H.
  B) The labor market equilibrium will move from E to D.
  C) The labor market equilibrium will move from E to F.
  D) The labor market equilibrium will move from E to G.

Question 2

Which of the following statements is true?
 
  A) Job search refers to the activities that workers undertake to find appropriate jobs.
  B) It is easier to find full-time suitable employment than to find seasonal part-time employment.
  C) In a competitive market, workers who demand a wage higher than the equilibrium wage rate are likely to get employed faster.
  D) Job search is normally a month-long process.


mmj22343

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

A


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