Which one of the following types of Unemployment results from the wage being held above the competitive equilibrium wage ?

Related Mcqs:

If people are made unemployed because of a fall in aggregate demand this is known as ?

A. Frictional unemployment B. Seasonal unemployment C. Cyclical unemployment D. Structural unemployment...

The natural rate of unemployment is likely to fall if ?

A. unemployment benefits increase B. Income tax increases C. More training is available for the unemployed D. Geographical immobility increases...

If the real wage is too high in the labour market ?

A. The quantity demanded of labour is higher than the quantity supplied B. The quantity demanded of labour equals the quantity supplied C. The quantity demanded of labour is lower than the quantity supplied D. It will automatically adjust in the short run to bring equilibrium...

Reducing involuntary unemployment ?

A. Helps the economy move on the to Production Possibility Frontier B. Helps shift the economy’s Production Possibility Frontier outwards C. Helps the economy move along its Production Possibility Frontier D. Helps the economy move inside the Production Possibility Frontier...

A minimum wage law tends to ?

A. Help all teenagers because they receive a higher wage than they would otherwise B. have no impact on unemployment as long as it is set above the competitive equilibrium wage C. Create more Unemployment is high-skill job markets than in low-skill job markets D. Create more unemployment in low-skill job markets than in high-skill … A minimum wage law tends to ?Read More...