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 69 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?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

During the Pullman strike in Chicago, workers protesting wage cuts did $340,000 in property damage, During the Pullman strike in Chicago, workers protesting wage cuts did $340,000 in property damage,
Situations Causing Changes in Respiratory Rate Situations Causing Changes in Respiratory Rate
For millions of people, the United States represents a land of opportunity and freedom from ... For millions of people, the United States represents a land of opportunity and freedom from ...
People using walkers typically have a high level of mobility impairment. People using walkers typically have a high level of mobility impairment.
Stock Market Question Stock Market Question
Rate order question Rate order question
Video: Transcription—A molecular view

For a complete list of videos, visit our video library