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Author Question: Suppose the wage rate in the labor market is $15 and the productivity of workers increases, which of ... (Read 118 times)

crobinson2013

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on: Apr 19, 2019

Question 1

Suppose the wage rate in the labor market is $8 and more people entered the labor force, which of the following statements is correct?


◦ If wages are flexible, then wages will increase.
◦ If wages are sticky, the unemployment rate increases.
◦ If wages are sticky, the unemployment rate stays the same.
◦ If wages are flexible, the unemployment rate increases.

Question 2

Suppose the wage rate in the labor market is $15 and the productivity of workers increases, which of the following statements is 
incorrect?


◦ The labor demand curve shifts to the right.
◦ If wages are flexible, there will be an increase in wages.
◦ If wages are sticky, there will be a shortage in the labor market.
◦ If wages are sticky, there will be a surplus in the labor market.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by crobinson2013 on Apr 19, 2019

okolip

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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.
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crobinson2013

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

smrtceo

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

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