This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the wage rate in the labor market is $12 and more previously unemployed people exited the labor ... (Read 36 times)

Destiiny22

  • Hero Member
  • *****
  • Posts: 557
on: Apr 19, 2019

Question 1

Suppose the equilibrium wage rate in the labor market is $20 and the demand for labor decreases. If wages are sticky, there will be a


◦ surplus of labor and the wage rate declines.
◦ shortage of labor and the wage rate increases.
◦ surplus of labor and the wage rate stays the same.
◦ surplus of labor and the wage rate increases.

Question 2

If the wage rate in the labor market is $12 and more previously unemployed people exited the labor force, which of the following statements is correct?


◦ If wages are flexible, then wages will decrease.
◦ If wages are sticky, the unemployment rate decreases.
◦ If wages are sticky, the unemployment rate stays the same.
◦ If wages are flexible, the unemployment rate increases.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Destiiny22 on Apr 19, 2019

wergv

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


Destiiny22

  • Hero Member
  • *****
  • Posts: 557
Reply #2 on: Apr 19, 2019
Excellent


wergv

  • Sr. Member
  • ****
  • Posts: 365
Reply #3 on: Apr 19, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Changes in metabolic rate of selected structures in a mammal's body during different activities Changes in metabolic rate of selected structures in a mammal's body during different activities
Calcium consumption is essential for all people Calcium consumption is essential for all people
A nurse adjusts the rate of a client’s IV. A nurse adjusts the rate of a client’s IV.
The subculture that centers around tattooing previously existed on the fringes of society, with ... The subculture that centers around tattooing previously existed on the fringes of society, with ...
A propaganda poster enshrining Stalin proclaims that he has led his people “Forward to ... A propaganda poster enshrining Stalin proclaims that he has led his people “Forward to ...
Factors That Affect Your Basal Metabolic Rate Factors That Affect Your Basal Metabolic Rate
Video: Regulation of GFR: autoregulation via myogenic mechanism Myogenic mechanism

For a complete list of videos, visit our video library