Minimum wages create unemployment in

  1. Which of the following types of unemployment will exist even if the wage is at the competitive equilibrium?a. unemployment due
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  2. Minimum wages create unemployment in markets where they create aa. shortage of labor. Unemployment of this type is called
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  3. Cyclical unemployment refers toa. the portion of unemployment created by wages set above the equilibrium level. b. the portion
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  4. a. The Keynesian model argues that prices are sticky. One reason supporting this argument is thatPart 2 A. nominal wages are
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  5. Some frictional unemployment is inevitable becausea. efficiency wages may hold the wage above the equilibrium wage. b. of
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  6. Frictional unemployment relates primarily to the level of unemployment resulting fromA. inefficiencies in labor markets. B.
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  7. Cyclical unemployment relates to the level of unemployment resulting fromA. inefficiencies in labor markets. B. periods of
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  8. The table shows the minimum wage for three different years.Year 1940, 1968,1997 wages for 1940 $.025, 1968 $1.60, 1997 $5.15
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  9. What did the FDIC provide?(1 point) Responses safety of bank deposits safety of bank deposits retirement benefits retirement
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  10. If the government decides to set a price above the minimum wages, what will be the effect on wages? Explain in one sentence.
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