Based on Price Setting Behavior,we Know That an Increase in the Unemployment

question 21

Multiple Choice

Based on price setting behavior,we know that an increase in the unemployment rate will cause

• A)no change in the real wage.
• B)a reduction in the real wage.
• C)an increase in the real wage.
• D)an upward shift of the PS curve.

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Definitions:

Productivity

A measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.

Education

The process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits through various means.

Irrigation Systems

Networks of tubes, pumps, and canals used to transport water to agricultural crops to enhance growth when rainfall is not sufficient.

Power Generators

Machines or devices that transform various forms of energy into electrical power.