Author Question: The table above gives the labor market for a small foreign economy. A(n) ________ would create ... (Read 80 times)

soccerdreamer_17 · **on:** Jun 29, 2018

The table above gives the labor market for a small foreign economy. A(n) ________ would create ________.

A) minimum wage of 9.00; a decrease in job search.
B) minimum wage of 5.00; an increase in job rationing.
C) efficiency wage of 9.00; an increase in job rationing.
D) efficiency wage of 8.00; unemployment and job rationing.
E) union-negotiated wage of 7.50; unemployment and job rationing.

Question 2

The Obama stimulus package was implemented to assist the economy in its recovery from recession. This package was designed to shift

A) aggregate demand to the left.
B) aggregate demand and aggregate supply to the left.
C) aggregate supply to the left.
D) aggregate demand to the right.