Which of the Following Is Not a Consequence of Above-Equilibrium

question 337

Multiple Choice

Which of the following is not a consequence of above-equilibrium wages in a labor market?

• A)a surplus of labor
• B)unemployment
• C)more unionized jobs
• D)All of the above are consequences of above-equilibrium wages.

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Definitions:

Social Security

A government program that provides financial benefits to retirees, disabled individuals, and survivors of deceased workers, primarily funded through payroll taxes.

Affordable Health Insurance

Health insurance plans designed to be financially accessible to a broad range of individuals, often through subsidies or regulated pricing.

Interest Groups

Organizations formed around common interests or goals that seek to influence public policy and government actions.

Government Expansion

Government expansion describes the process or trend through which the scope, functions, and interventions of a government increase, often in response to societal needs, crises, or political ideologies.