If Wage Rigidity Holds the Real Wage Above the Equilibrium

question 72

Multiple Choice

If wage rigidity holds the real wage above the equilibrium level,an increase in the demand for labour will ______ the number unemployed.

• A) increase
• B) decrease
• C) not change
• D) possibly increase,decrease,or leave unchanged

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Definitions:

Optic Nerve

The nerve tasked with conveying visual data from the retina towards the brain.

Vagus Nerve

The tenth cranial nerve, extending from the brainstem to the abdomen, which influences various functions including heart rate, gastrointestinal peristalsis, and sweating.

Vestibulocochlear Nerve

A cranial nerve that transmits sound and equilibrium (balance) information from the inner ear to the brain.

Merkel Disks

Specialized skin cells that function as mechanoreceptors, responding to light touch and pressure.