Downward wage rigidity is likely to:

A) decrease unemployment. B) decrease wage rates.
C) increase wage rates. D) increase unemployment.

D

Economics

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Refer to the table above. If the firm decides to choose factory Far over Close, what is its marginal opportunity cost of transporting products to the market?

A) $150 B) -$200 C) $50 D) $100

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Explain how utility analysis can be used to derive a downward sloping demand curve

What will be an ideal response?

Economics