An increase in labour participation rate will lead to a. A higher equilibrium wage but lower equilibrium employment b. A lower equilibrium wage and lower equilibrium employment c. A higher equilibrium wage and higher equilibrium employment d. A lower equilibrium wage but a higher equilibrium employment
An increase in labour participation rate will lead to a. A higher equilibrium wage but lower equilibrium employment b. A lower equilibrium wage and lower equilibrium employment c. A higher equilibrium wage and higher equilibrium employment d. A lower equilibrium wage but a higher equilibrium employment
Principles of Economics (MindTap Course List)
8th Edition
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter28: Unemployment
Section: Chapter Questions
Problem 9PA
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An increase in labour participation rate will lead to
a. A higher equilibrium wage but lower equilibrium employment
b. A lower equilibrium wage and lower equilibrium employment
c. A higher equilibrium wage and higher equilibrium employment
d. A lower equilibrium wage but a higher equilibrium employment
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