If the Wage Rate in the Labor Market Is $12

question 212

Multiple Choice

If the wage rate in the labor market is $12 and more previously unemployed people exited the labor force, which of the following statements is correct?

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

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Definitions:

Longitudinal Design

A research method that involves repeated observations of the same variables over short or long periods of time.

Motor Skills

The abilities required to perform precise movements smoothly, controlled by the muscular and nervous systems, often categorized into fine and gross motor skills.

Teratogens

Agents or factors that can cause developmental malformations or defects in an embryo or fetus.

Environmental Factors

Aspects of the surroundings that can affect processes, behaviors, and development, encompassing both natural and human-made influences.