Which of the following statements is true?
A) Labor markets in the United States are frictionless.
B) The market wage rate is always below the equilibrium wage rate in a frictionless labor market.
C) There is always some unemployment in a frictionless labor market.
D) Both employees and employers have complete information about each other in a frictionless labor market.
D
Economics
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What are the four components of aggregate demand?
What will be an ideal response?
Economics
Exhibit 4-8 Demand and supply curves
In Exhibit 4-8, a movement from A to D is best described as a(n):
A. increase in the quantity demanded and an increase in supply. B. increase in supply and demand. C. increase in both the quantity demanded and supplied. D. increase in the quantity supplied and in the demand.
Economics