Suppose the Wage Rate in the Labor Market Is $8

question 18

Multiple Choice

Suppose the wage rate in the labor market is $8 and more people entered the labor force,which of the following statements is CORRECT?

• A)If wages are flexible,then wages will increase.
• B)If wages are sticky,the unemployment rate increases.
• C)If wages are sticky,the unemployment rate stays the same.
• D)If wages are flexible,the unemployment rate increases.

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