One theory of unemployment argues that the unemployment rate will rise when
a. people have accurate expectations regarding the inflation rate.
b. unexpected inflation causes people to be "fooled" by high absolute wages.
c. people mistakenly believe their wages have greater purchasing power.
d. people overestimate the rate of inflation.
d. people overestimate the rate of inflation.
Economics
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In 2005, women received just under 50% of the degrees in law and medicine
Indicate whether the statement is true or false
Economics
If the wage is kept above the equilibrium wage for any reason, the result is
a. cyclical unemployment. b. frictional unemployment. c. seasonal unemployment. d. structural unemployment.
Economics