Unemployment normally arises when:
A) labor markets are frictionless.
B) wages are above the market clearing wage level.
C) wages are below the market clearing wage level.
D) wages are equal to market clearing wage level.
B
Economics
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An entry barrier exists when firms in an industry charge the lowest price possible for their products
Indicate whether the statement is true or false
Economics
When a liquidity trap situation exists, the most appropriate policy to increase output would be
A) a central bank sale of bonds. B) an increase in government spending. C) a central bank purchase of bonds. D) none of the above
Economics