Top Posters
Since Sunday
g
3
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Mr.Cleand Mr.Cleand
wrote...
Go to Answer
Posts: 287
Rep: 1 0
5 years ago
If a labor contract between workers and firms is signed that fixes the wage workers will be paid and then the demand for workers decreases, the presence of the sticky price (wage) causes
A)  a longer period of unemployment as wages adjust more slowly.
B)  a shorter period of unemployment as wages adjust more quickly.
C)  a permanent shortage of workers.
D)  a permanent surplus of workers.
E) the new equilibrium to be reached quickly but once reached, the wage must be renegotiated.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
Read 82 times
2 Replies
Replies
Answer verified by a subject expert
kamikazekotakamikazekota
wrote...
#1
Posts: 113
Rep: 43 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here

Related Topics

Mr.Cleand Author
wrote...
#2
5 years ago
This is very helpful, my teacher this year is not good
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1086 People Browsing
 133 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 223
  
 246
  
 482