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Author Question: If the minimum wage law is repealed and employers begin using efficiency wages far less frequently, ... (Read 106 times)

jwb375

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on: Jun 30, 2018
If the minimum wage law is repealed and employers begin using efficiency wages far less frequently, it would ___ unemployment and ____ the natural rate of unemployment:
 a. Increase; increase.
 b. Increase; not change.
  c. Decrease; decrease.
 d. Decrease; not change.

Question 2

If a minimum wage law is passed imposing a price floor above the equilibrium price of unskilled labor and employers increasingly used efficiency wages, it would ___ unemployment and ____ the natural rate of unemployment:
 a. Increase; increase.
 b. Increase; not change.
  c. Not change, increase.
  d. Do none of the above.


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efwsefaw

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

c

Answer to Question 2

a


jwb375

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Reply 2 on: Jun 30, 2018
Gracias!

mohan

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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