Which of the Following Is Not the Result of Wage

question 42

Multiple Choice

Which of the following is not the result of wage stickiness in an economic downturn?

• A) Actual wages are temporarily above the market-clearing level.
• B) Cyclical unemployment.
• C) A surplus of labor.
• D) A shortage of labor.

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Definitions:

Harry Washington

An enslaved African who gained freedom by escaping to British lines during the American Revolutionary War and later settled in Sierra Leone.

George Washington

The first president of the United States, serving from 1789 to 1797, and a Founding Father known for his leadership in the American Revolutionary War.

Abolition Laws

Legislation aimed at ending the practice of slavery or the slave trade within a specific locale, region, or nation.

Indentured Servitude

A labor system where people paid for their passage to the New World by working for an employer for a fixed term of servitude, typically several years.