Non-Market-Clearing Theories of Unemployment Emphasize Wage Stickiness

question 11

Multiple Choice

Non-market-clearing theories of unemployment emphasize wage stickiness.Wage stickiness provides an important explanation for the existence of ________,which fluctuates inversely with real GDP.

• A)minimum wages
• B)frictional unemployment
• C)cyclical unemployment
• D)efficiency wages
• E)voluntary unemployment

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Definitions:

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Random House

A major publishing company known for producing a wide variety of books in numerous genres.

Slaughterhouse-Five

A novel by Kurt Vonnegut, blending science fiction elements with an exploration of the grim realities of war, centered around the World War II Dresden bombing.