Which of the following would not be considered a market distortion:
a. minimum wage
b. union-negotiated wage
c. monopsony wage
d. efficiency wage
e. all of the above are market distortions
D
Economics
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A rising price level should shift the expenditure schedule
a. upward and decrease equilibrium real GDP. b. downward and increase equilibrium real GDP. c. downward and decrease equilibrium real GDP. d. upward and increase equilibrium real GDP.
Economics
Which of the following results from a change in the business cycle, ceteris paribus?
A. Structural unemployment. B. Cyclical unemployment. C. Structural deficit. D. Frictional unemployment.
Economics