Based on Our Understanding of the Labour Market Model, We

question 26

Multiple Choice

Based on our understanding of the labour market model, we know that a decrease in the markup will cause:

• A) a decrease in the natural rate of unemployment and no change in the real wage.
• B) a decrease in the natural rate of unemployment and a decrease in the real wage.
• C) an increase in the equilibrium real wage.
• D) an increase in the natural rate of unemployment.
• E) a decrease in the equilibrium real wage.

---

Definitions:

Intellectual Disability

A term used to describe a condition characterized by significant limitations in both intellectual functioning and in adaptive behavior, which covers many everyday social and practical skills.

Learning Disability

a condition that affects a person's ability to acquire and process information, impacting skills such as reading, writing, and math.

Specific Learning Problems

Difficulties in learning and using academic skills, significantly interfering with academic achievement or activities of daily living, which are not attributed to other conditions.

Cutoff IQ

A specific IQ score determined as the lower limit for certain categories of cognitive ability or intellectual disability.