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Minimum wages create unemployment in
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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unknown 2.0
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Minimum wages create unemployment in markets where they create a
a. shortage of labor. Unemployment of this type is called
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unknown 2.0
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Cyclical unemployment refers to
a. the portion of unemployment created by wages set above the equilibrium level. b. the portion
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unknown 2.0
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a. The Keynesian model argues that prices are sticky. One reason supporting this argument is that
Part 2 A. nominal wages are
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111
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Some frictional unemployment is inevitable because
a. efficiency wages may hold the wage above the equilibrium wage. b. of
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unknown 2.0
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Frictional unemployment relates primarily to the level of unemployment resulting from
A. inefficiencies in labor markets. B.
1 answer
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Cyclical unemployment relates to the level of unemployment resulting from
A. inefficiencies in labor markets. B. periods of
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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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Rochelle
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What did the FDIC provide?
(1 point) Responses safety of bank deposits safety of bank deposits retirement benefits retirement
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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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Raven
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