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Author Question: Suppose the wage rate in the labor market is $20 and the demand for labor increases. If wages are sticky (Read 84 times)

go.lag

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Question 1

Related to the 
Economics in Practice on p. 571: According to the study cited in the 
Economics in Practice, the ________ someone is unemployed, the ________ it is for that person to get a job.


◦ longer; easier
◦ longer; harder
◦ less time; harder
◦ The duration of unemployment does not seem to affect the ability of getting a job.

Question 2

Suppose the wage rate in the labor market is $20 and the demand for labor increases. If wages are sticky


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


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Marked as best answer by go.lag on Apr 19, 2019

CourtneyCNorton

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go.lag

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Reply 2 on: Apr 19, 2019
Excellent


Chelseyj.hasty

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

 

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