b. structural unemployment(passive) created byb. structural unemployment

c structural unemployment(passive) created byc structural unemployment

labor increase structural unemployment by keeping wages above the equilibrium June 2009createlabor increase structural unemployment by keeping wages above the equilibrium June 2009

c. frictional unemployment(passive) created byc. frictional unemployment

above the equilibrium wage rate as an incentive for their workers to deliver better performance employeessetabove the equilibrium wage rate as an incentive for their workers to deliver better performance employees

a labor surplus and so increase unemployment increase structural unemployment by keeping wages above equilibrium macroe 101 study guide ( 2013 - 14 abdullahcreatea labor surplus and so increase unemployment increase structural unemployment by keeping wages above equilibrium macroe 101 study guide ( 2013 - 14 abdullah

involuntary unemploymentcauseinvoluntary unemployment

The amount of unemployment(passive) caused byThe amount of unemployment

to involuntary and inefficient unemploymentleadto involuntary and inefficient unemployment

unemployment when cyclical unemployment is zerocreateunemployment when cyclical unemployment is zero

to equilibrium unemployment and in which the elasticity of substitution between capital and labor is less than unityleadto equilibrium unemployment and in which the elasticity of substitution between capital and labor is less than unity

to high productivity while others argue that it may lead to unemploymentleadto high productivity while others argue that it may lead to unemployment

to provide workers with incentives to make appropriate effort levelsdesignedto provide workers with incentives to make appropriate effort levels

the wage from falling when unemployment exists because of its adverse effect on labor efficiency ) and wage bargaining , imperfect competition and the “ menu ” costs of price changes , andpreventthe wage from falling when unemployment exists because of its adverse effect on labor efficiency ) and wage bargaining , imperfect competition and the “ menu ” costs of price changes , and

unemployment because firms pay wages that are above the market wage , causing the quantity of labor demanded to be less than the quantity of labor supplied Using a broader measure of the unemployment rate where discouraged workers and part - time workers who wished to work full time were counted as unemployedcauseunemployment because firms pay wages that are above the market wage , causing the quantity of labor demanded to be less than the quantity of labor supplied Using a broader measure of the unemployment rate where discouraged workers and part - time workers who wished to work full time were counted as unemployed

above the equilibrium wage rate as an incentive for better employee performancesetabove the equilibrium wage rate as an incentive for better employee performance

above the equilibrium rate as an incentive for better employee performancesetabove the equilibrium rate as an incentive for better employee performance

above the equilibrium wage rate as an incentive for better performancesetabove the equilibrium wage rate as an incentive for better performance

where firms pay their worker above the equilibrium wage , which increase the number of individuals willing to work for these positionsresultwhere firms pay their worker above the equilibrium wage , which increase the number of individuals willing to work for these positions

to : maximum work effort and thus minimize labor costs per unit of output    which of the following will cause an increase in the price level and a decrease in outputcontributeto : maximum work effort and thus minimize labor costs per unit of output    which of the following will cause an increase in the price level and a decrease in output

in a wage level that is higher than the market wage and number of jobs that are lower than the number available at equilibrium and hence persistent excess of workers over jobsresultin a wage level that is higher than the market wage and number of jobs that are lower than the number available at equilibrium and hence persistent excess of workers over jobs

in reduced turnover and better performancecan resultin reduced turnover and better performance

Assuming(passive) to be caused byAssuming

11232011 73300 PM Rigidity(passive) created by11232011 73300 PM Rigidity

to employer discrimination againstmay leadto employer discrimination against

to economy - wide monopsony consequences and skill mismatchcan leadto economy - wide monopsony consequences and skill mismatch

endogenous wage rigidity and to re - examine the credibility of the arguments that call for deregulation , more wage flexibility and less social protection in this contextcreateendogenous wage rigidity and to re - examine the credibility of the arguments that call for deregulation , more wage flexibility and less social protection in this context

an even larger decrease in money - wages and so oncould triggeran even larger decrease in money - wages and so on

datecreateddate

from traditionsmay simply resultfrom traditions