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Alek Hsiang Alek Hsiang
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4 years ago

Question 1.

A decline in the demand for labor means the unemployment rate must rise.



▸ true

▸ false

Question 2.

If the quantity of labor demanded and the quantity of labor supplied are brought into equilibrium by rising and falling wage rates, there should be no persistent unemployment and the unemployment rate should be zero.



▸ true

▸ false
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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emneviusemnevius
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4 years ago
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More solutions for this book are available here

Answer 1

false

Answer 2

false
1

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Alek Hsiang Author
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4 years ago
This calls for a celebration Person Raising Both Hands in Celebration
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2 hours ago
this is exactly what I needed
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