When Labor Demand Rises, Unemployment _____ and Wages _____

question 44

Multiple Choice

When labor demand rises, unemployment _____ and wages _____.

• A) falls; rise
• B) falls; decline
• C) rises; decline
• D) rises; rise

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Definitions:

Birthday

The anniversary of the day on which a person was born, typically celebrated as an annual event.

Probability

A measure quantifying the likelihood that an event will occur, expressed as a number between 0 and 1.

Canadian Households

Living arrangements and family setups within Canada, encompassing a diverse range of compositions and sizes.

Probability

An indicator of how probable an event is, represented as a numerical value ranging from 0 to 1, with 0 meaning the event cannot happen and 1 meaning the event is certain to happen.