Log in
Economics
1
answer
0
watching
214
views

The natural rate of unemployment tends to be lower when

A. the minimum wage is higher than the market wage.

B. firms pay efficient wages.

C. labor unions are more effective.

D. unemployment insurance benefits are paid for fewer weeks.

Watch
1
answer
0
watching
214
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Divya Singh
Divya SinghLv10
5 Jan 2021

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

Which pair of policies is likely to reduce the natural rate of unemployment?

a. job training and higher minimum wages

b. job training and employment subsidies

c. employment subsidies and policies designed to strengthen labor unions

d. high minimum wages and generous unemployment benefits

Efficiency wage (extra wage paid to promote performance) causes unemployment because

A) firms pay wages that are below the market wage, causing the quantity of labor demanded to be greater than the quantity of labor supplied.

B) firms pay wag's that are below the market wage, causing the quantity of labor demanded to be less than the quantity of labor supplied.

C) firms pay wages that are above the market wage, causing the quantity of labor demanded to be greater than the quantity of labor supplied.

D) firms pay wages that are above the market wage, causing the quantity of labor demanded to be less than the quantity of labor supplied.

if the imposition of a binding minimum wage results in muh higher unemployment among workers seeking minimum wage jobs,

A) firms will respond by demanding more labor
B)lqbor demand is relatively elastic
C) labor demand is relatively inealstic
D) those workers who are employed will be worse off than before the minimum wage law

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in