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

Author Question: Suppose the equilibrium wage rate in the labor market is $10 and the demand for labor increases. If ... (Read 192 times)

RODY.ELKHALIL

  • Hero Member
  • *****
  • Posts: 591
on: Apr 19, 2019

Question 1

Suppose the wage rate in the labor market is $15 and the demand for labor decreases. If wages are sticky


◦ unemployment decreases.
◦ unemployment increases.
◦ unemployment stays the same.
◦ wages decrease to eliminate the surplus.

Question 2

Suppose the equilibrium wage rate in the labor market is $10 and the demand for labor increases. If wages are sticky, there will be a


◦ surplus of labor and the wage rate declines.
◦ shortage of labor and the wage rate increases.
◦ shortage of labor and the wage rate stays the same.
◦ surplus of labor and the wage 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 RODY.ELKHALIL on Apr 19, 2019

GCabra

  • Sr. Member
  • ****
  • Posts: 331
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 50% of students answer this correctly


RODY.ELKHALIL

  • Hero Member
  • *****
  • Posts: 591
Reply #2 on: Apr 19, 2019
Thanks


GCabra

  • Sr. Member
  • ****
  • Posts: 331
Reply #3 on: Apr 19, 2019
Welcome :)


« previous next »
 

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Species richness increases with island size. Species richness increases with island size.
The rate of evolution in short­ and long­lived plants The rate of evolution in short­ and long­lived plants
Exercise increases the heart rate. Exercise increases the heart rate.
How an Increase in Income Inequality Affects the Desired Tax Rate How an Increase in Income Inequality Affects the Desired Tax Rate
What will be the pH of the solution once equilibrium is established? What will be the pH of the solution once equilibrium is established?
Rate order question Rate order question
Video: Mechanism of enzyme action

For a complete list of videos, visit our video library