Suppose the government abolished the minimum wage law and the law that requires union wage rates to be paid on all government contract jobs. We would expect to see
A) a recession.
B) the duration of unemployment to increase.
C) a decline in the natural rate of unemployment.
D) an increase in claims for unemployment benefits.
C
Economics
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Which of the following long-term bonds has the highest interest rate?
A) corporate Baa bonds B) U.S. Treasury bonds C) corporate Aaa bonds D) municipal bonds
Economics
Suppose the production function for T-shirts can be represented as q = L0.25K0.75. Show that the marginal productivity of labor diminishes in the short run
What will be an ideal response?
Economics