If the Wage Is Kept Above the Equilibrium Wage for Any

question 17

Multiple Choice

If the wage is kept above the equilibrium wage for any reason,the result is

• A)cyclical unemployment.
• B)frictional unemployment.
• C)seasonal unemployment.
• D)structural unemployment.

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Definitions:

Drawee

is the party, often a bank, required to pay the monetary amount specified in a check or draft.

Endorsers

Individuals who sign their names on documents, such as checks or contracts, to indicate support, approval, or transfer of ownership.

Endorsement

An amendment or addition to an existing insurance policy to cover additional risks or to modify terms of the contract.

Real Defences

Real defences are legal arguments used in property law to assert a legitimate claim against the enforcement of a property interest or contract, often involving issues of ownership or consent.