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Author Question: If wages are sticky, a decrease in labor (Read 39 times)

CBme

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  • Posts: 548
on: Apr 19, 2019

Question 1

If the wage rate in the labor market is $17 and the productivity of workers decreases, which of the following statements is 
incorrect?


◦ The labor demand curve shifts to the left.
◦ If wages are flexible, there will be a decrease 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.

Question 2

If wages are sticky, a decrease in labor


◦ supply decreases the wage rate.
◦ demand increases the wage rate.
◦ demand decreases the wage rate.
◦ None of these
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by CBme on Apr 19, 2019

kalskdjl1212

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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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CBme

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  • Posts: 548
Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

nathang24

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

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