Unions
a. and firms paying wages above equilibrium to improve worker effort both create frictional unemployment.
b. create frictional unemployment, while firms paying wages above equilibrium to improve worker effort create structural unemployment.
c. create structural unemployment, while firms paying wages above equilibrium to improve worker effort create frictional unemployment.
d. and firms paying wages above equilibrium to improve worker effort both create structural unemployment.
d
You might also like to view...
The gap between real GDP per person in the United States and South America has been narrowing since 1980
Indicate whether the statement is true or false
If the GDP deflator is less than 100, which will be higher: nominal GDP or real GDP? Why?
What will be an ideal response?