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Author Question: If the wage rate in the labor market is $12 and more previously unemployed people exited the labor ... (Read 93 times)

Destiiny22

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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
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Marked as best answer by Destiiny22 on Apr 19, 2019

wergv

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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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Destiiny22

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Reply #2 on: Apr 19, 2019
Excellent


wergv

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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