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Author Question: The table above shows the labor market for the country of Pickett. When the labor market is in ... (Read 42 times)

vinney12

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on: Jun 29, 2018
The table above shows the labor market for the country of Pickett. When the labor market is in equilibrium, the real wage rate is ________ and ________ of labor a year are employed.
 
  A) any value less than 25 an hour; any value greater than 40 billion hours
  B) any value greater than 30 an hour; any value more than 40 billion hours
  C) any value greater than or equal to 25 an hour; any value less than 40 billion hours
  D) 30 an hour; 40 billion hours

Question 2

Because of a bank merger, Ms. Davis lost her position as Vice President and had to seek work with other banks. Ms. Davis has the skills necessary to find a new job, thus she is best considered as
 
  A) frictionally unemployed.
  B) cyclically unemployed.
  C) structurally unemployed.
  D) naturally unemployed.


morrie123456

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

D

Answer to Question 2

A


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