The presence of efficiency, minimum and union wages
A) can explain job rationing because they lower the real wage rate below equilibrium.
B) does not affect job rationing because they affect only the amount of job search.
C) can explain job rationing because they raise the real wage rate above equilibrium.
D) can explain job rationing because they lower the natural unemployment rate.
E) cannot explain job rationing because they are a natural part of the economy.
C
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Assuming all else equal, if a bank expects a bank run in the future:
A) there will be an upward movement along its demand curve for reserves. B) its demand curve for reserves will shift to the left. C) there will be a downward movement along its demand curve for reserves. D) its demand curve for reserves will shift to the right.
Parity price programs were designed to help farmers, not consumers of farm goods
Indicate whether the statement is true or false