The unemployment caused by unions and by the threat of unionization is an example of:
A. voluntary unemployment
B. the discouraged-worker effect.
C. efficiency wages.
D. the conflict between insiders and outsiders.
Ans: D. the conflict between insiders and outsiders.
You might also like to view...
The supply curve of labor facing an employer in a perfectly competitive labor market is
a. upward sloping b. downward sloping c. horizontal d. greater than MLC e. the MRP curve
Using the equation of exchange, if real output increases by 5 percent per year and velocity is stable, in order to keep the price level stable
A. The interest rate must increase by 5 percent per year. B. The money supply must increase by more than 5 percent per year because nominal output is greater than 5 percent. C. The money supply must increase by 5 percent per year. D. Velocity must increase by 5 percent per year.