If carpentry positions A and B required identical skill levels, other things constant, which one of the following would most likely increase the wage rate of position A relative to position B?
a. The work place of position A is in the intense heat of the sun, whereas the work place of B is air-conditioned.
b. Position A is a safe office job; position B requires the employee to operate a dangerous saw.
c. Position A offers steady employment, whereas employees holding position B are often laid off.
d. Position A offers more sick leave and more paid holidays.
A
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The demand for money ________ when the ________
A) increases; nominal interest rate increases B) decreases; price level increases C) increases; supply of money decreases D) remains constant; price level increases E) increases; price level increases
Sally Jones lost her job at a steel company because of a permanent decline in the demand for steel. Sally Jones is considered by economists to be
A) naturally unemployed. B) cyclically unemployed. C) structurally unemployed. D) frictionally unemployed.