What is the result of a tighter labor market?
A: It can produce wage growth.
B: It can increase unemployment rate.
C: It can produce wage reduction
D: It can lower unemployment rate
A: It can produce wage growth.
B: It can increase unemployment rate.
C: It can produce wage reduction
D: It can lower unemployment rate
举一反三
- The replacement ratio is A: the reservation wage divided by the wage rate offered on a new job B: the reduction in real GDP caused by a 1 percent reduction in unemployment benefits C: after-tax income while unemployed divided by after-tax income while employed D: the wage rate offered on a new job divided by unemployment benefits E: the increase in the unemployment rate caused by a 1 percent increase in the inflation rate
- The AS-curve is horizontal or very flat if A: additional resources (especially labor) can be hired to produce additional output with little or no increase in existing prices B: wages fall rapidly with an increase in unemployment, reducing spending and income to restore equilibrium C: firms lower wages less than prices to avoid a loss in profit during a recession D: the nominal wage adjustment occurs fairly rapidly E: nominal wages and prices always change proportionally, leaving the real wage rate unchanged
- The natural rate of unemployment will most likely increase if A: the minimum wage rate is decreased B: unemployment benefits are increased C: monetary growth is decreased D: income taxes are increased E: all of the above
- An increase in the population and hence the supply of labor causes a A: shortage of labor at the original real wage rate and the real wage rate will fall. B: surplus of labor at the original real wage rate and the real wage rate will rise. C: surplus of labor at the original real wage rate and the real wage rate will fall. D: shortage of labor at the original real wage rate and the real wage rate will rise.
- As the economy enters a boom we can generally expect that A: inflation will decrease with little change in the unemployment rate B: unemployment will increase and inflation will decrease C: nominal GDP will increase but only because of an increase in the price level D: inflation will increase and the unemployment rate will decrease E: output will increase with little change in unemployment or inflation