Suppose New Electronic Devices Make It Easier to Monitor the Effort

question 2

Multiple Choice

Suppose new electronic devices make it easier to monitor the effort levels of workers.If some shirking is still possible in the efficiency wage model,what happens to the level of unemployment?

• A)Increases,but some unemployment remains
• B)Increases,and the labor market reaches full employment
• C)Decreases
• D)Does not change

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Definitions:

Different Numbers

Quantities that are not the same or identical, emphasizing distinct values or entities in a set or sequence.

"Average" Growth Rate

A metric that quantifies the rate of expansion or contraction in a variable's value over a specified period, typically expressed as a percentage.

Positively Skewed

Describes a distribution of data where the tail on the right side of the frequency distribution is longer than the left side, indicating that most values are clustered around the left.

Median

A statistical measure representing the middle value in a sorted, listed version of a set of numbers, effectively splitting the data set into two halves.