The phenomenon of increase in money wages that leads to increases in unemployment is shown by:

Related MCQs

• The reason the marginal cost curve eventually increases as output increases for the typical firm is because:
• Which of the following results in an increase in an increase in demand:
• When there is an increase in the autonomous money supply, ceteris paribus, LM shifts:
• In which of the following situations will an increase in the money supply have no effect upon output?
• I classical demand for money, the relationship between money supply and price level is:
• The quantity theory of money is primarily a theory of demand for money is stated by:
• Frictional unemployment exists:
• The natural rate of unemployment equals the sum of those who are:
• Wage cut as a solution of unemployment in classical theory is suggested by:
• The idea that a general cut in wages will finally lead to a state of full employment was suggested by :