Suppose the government abolished the minimum wage law and the law that requires union wage rates to be paid on all government contract jobs. We would expect to see
A) a recession.
B) the duration of unemployment to increase.
C) a decline in the natural rate of unemployment.
D) an increase in claims for unemployment benefits.
C
You might also like to view...
In 1973, the Club of Rome published a book titled The Limits to Growth, which predicted that economic growth would likely end in high-income countries because of
A) increasing pollution and the depletion of natural resources. B) rapid increases in government debt. C) declining populations. D) increases in outsourcing of the production of goods and services to low-income countries.
Unanticipated inflation generally hurts borrowers and benefits lenders
a. True b. False Indicate whether the statement is true or false
In their 1994 book, The Bell Curve, Murray and Herrnstein presented evidence that IQ is an important determinant of economic success
a. True b. False Indicate whether the statement is true or false
Regional Fed banks are responsible for all of the following except
A. Holding bank reserves. B. Providing loans to private banks. C. Providing currency for private banks. D. Cashing checks for large nonfinancial corporations.