Question
if a union raises the wage in its industry above equilibrium, then there is an increase in A. frictional unemployment which is part of cyclical
if a union raises the wage in its industry above equilibrium, then there is an increase in
A. frictional unemployment which is part of cyclical unemployment.
B. structural unemployment which is part of cyclical unemployment.
C. frictional unemployment which is part of the natural rate of unemployment.
D. structural unemployment which is part of the natural rate of unemployment.
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Intermediate Microeconomics
Authors: Hal R. Varian
8th edition
393934241, 978-0393934243
