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

Author Question: If the wage rate in the labor market is $12 and more previously unemployed people exited the labor ... (Read 34 times)

Destiiny22

  • Hero Member
  • *****
  • Posts: 557
on: Apr 19, 2019

Question 1

Suppose the equilibrium wage rate in the labor market is $20 and the demand for labor decreases. If wages are sticky, there will be a


◦ surplus of labor and the wage rate declines.
◦ shortage of labor and the wage rate increases.
◦ surplus of labor and the wage rate stays the same.
◦ surplus of labor and the wage rate increases.

Question 2

If the wage rate in the labor market is $12 and more previously unemployed people exited the labor force, which of the following statements is correct?


◦ If wages are flexible, then wages will decrease.
◦ If wages are sticky, the unemployment rate decreases.
◦ If wages are sticky, the unemployment rate stays the same.
◦ If wages are flexible, the unemployment 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 Destiiny22 on Apr 19, 2019

wergv

  • Sr. Member
  • ****
  • Posts: 365
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 56% of students answer this correctly


Destiiny22

  • Hero Member
  • *****
  • Posts: 557
Reply #2 on: Apr 19, 2019
Excellent


wergv

  • Sr. Member
  • ****
  • Posts: 365
Reply #3 on: Apr 19, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Norway lobsters on sale at a Spanish market Norway lobsters on sale at a Spanish market
Relative rate test, calibrating the molecular clock, and calculating divergence dates. Relative rate test, calibrating the molecular clock, and calculating divergence dates.
In 2006 an Iraqi tribunal convicted Saddam Hussein of murdering his own people and sentenced him to In 2006 an Iraqi tribunal convicted Saddam Hussein of murdering his own people and sentenced him to
Vocational interests seem to be established well before adulthood, and young people of all ages ... Vocational interests seem to be established well before adulthood, and young people of all ages ...
Reconstruction Drawing of Trajan's Market Reconstruction Drawing of Trajan's Market
Fertility, Mortality, and the Net Rate of Reproduction in Sweden Fertility, Mortality, and the Net Rate of Reproduction in Sweden
Video: Types of Transport - Uniport, Antiport and Symport (Glucose and Na+K+ Transporters)

For a complete list of videos, visit our video library