Slower growth in labor demand in combination with increases in labor supply explains ________ accompanied by ________.
A. a slowdown in real wage growth; increasing wage inequality
B. a slowdown in real wage growth; a decline in employment
C. accelerated real wage growth; a decline in employment
D. a slowdown in real wage growth; rapid employment growth
Answer: D
You might also like to view...
If the expected inflation rate rises from 3% to 5% when the nominal interest rate is 4%, the Fisher effect asserts that the nominal interest rate would
A) not change. B) rise to 6%. C) fall to 2%. D) fall to 3%.
The size of the spending multiplier depends on the level of real GDP
a. True b. False Indicate whether the statement is true or false
The equilibrium wage rate is determined by
A. Market labor supply and market labor demand. B. Labor unions. C. Firms but not individuals. D. Individuals but not firms.
The United States Post Office
A) faces no competition for its mail services. B) has a monopoly in the provision of first-class mail service. C) can safely ignore the prices for mail services charged by its rivals such as FedEx and UPS. D) is an example of a monopoly that results from the ownership of a key resource: first class mail service.