If a Union Negotiates a Wage Above the Equilibrium Wage

question 8

Multiple Choice

If a union negotiates a wage above the equilibrium wage in an industry, then the resultant unemployment is called _____ unemployment.

• A) classical
• B) structural
• C) cyclical
• D) frictional

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Definitions:

Caloric Intake

The total number of calories consumed through eating and drinking in a day.

Chronic Traumatic Encephalopathy

A progressive degenerative brain disease found in individuals with a history of repetitive brain trauma, often seen in athletes.

Suicidality

The risk or propensity toward suicidal behavior or ideation, including thoughts of wanting to end one's life.

Lethargy

A state of sluggishness, inactivity, and apathy, often a sign of illness or fatigue.