Which of the following will increase the natural unemployment rate?
i. a minimum wage set above the equilibrium wage rate
ii. efficiency wages
iii. union-negotiated wages
A) i only
B) i, ii and iii
C) i and ii
D) ii and iii only
E) i and iii only
B
You might also like to view...
The terms of trade refers to
A) the ratio at which a country can trade its exports for imports from other countries. B) the role of the government in overseeing international trade. C) the rules and regulations that countries must adhere to when trading. D) a legal document that specifies the trade quantities agreed to by two countries.
The demand for durable goods tends to be more price elastic than the demand for non-durables
a. true b. false
According to the rational expectations school, expansionary fiscal policy is harmful to the economy, but expansionary monetary policy can be effective when the Fed tries specific targeting
Indicate whether the statement is true or false
Empowerment may be a problem because
A. managers are usually ambiguous when it comes to empowerment. B. managers are usually very eager to empower those who are least qualified. C. managers are never eager to empower anyone else except themselves. D. workers are always eager to empower themselves even if they are unqualified.