Q.2 You are discussing the labour discipline model with your friend. All else equal, which of the following is/are true about the wage-setting curve? Statement 1: A monitoring device to detect shirking shifts the wage-setting curve down. Statement 2: A decrease in unemployment benefits shifts the wage-setting curve up. Statement 3: In a country where the stigma attached to unemployment is high, the wage-setting curve would be lower. A. None of the statements are true. B. Statements 2 and 3 are true. C. All the statements are true. D. Only Statement 2 is true. E. Statements 1 and 3 are true.
Q.2 You are discussing the labour discipline model with your friend. All else equal, which of the following is/are true about the wage-setting curve? Statement 1: A monitoring device to detect shirking shifts the wage-setting curve down. Statement 2: A decrease in unemployment benefits shifts the wage-setting curve up. Statement 3: In a country where the stigma attached to unemployment is high, the wage-setting curve would be lower. A. None of the statements are true. B. Statements 2 and 3 are true. C. All the statements are true. D. Only Statement 2 is true. E. Statements 1 and 3 are true.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter21: Unemployment
Section: Chapter Questions
Problem 11RQ: If you an? out of school but working part time, are you considered employed or unemployed in U.S....
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Q.2
You are discussing the labour discipline model with your friend. All else equal, which of the following is/are true about the wage-setting curve?
Statement 1: A monitoring device to detect shirking shifts the wage-setting curve down.
Statement 2: A decrease in unemployment benefits shifts the wage-setting curve up.
Statement 3: In a country where the stigma attached to unemployment is high, the wage-setting curve would be lower.
A.
None of the statements are true.
B.
Statements 2 and 3 are true.
C.
All the statements are true.
D.
Only Statement 2 is true.
E.
Statements 1 and 3 are true.
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