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Real wage The figure depicts the labour market model, which is currently at point X. In which of the following cases would the employment rate rise? Employed X Labour Wage- supply setting curve Average product of labour, A Price-setting curve Employment, N Unemployed A higher unemployment benefit. Better monitoring of employees' effort. ☐ A higher degree of product differentiation. Higher labour productivity.

Real wage The figure depicts the labour market model, which is currently at point X. In which of the following cases would the employment rate rise? Employed X Labour Wage- supply setting curve Average product of labour, A Price-setting curve Employment, N Unemployed A higher unemployment benefit. Better monitoring of employees' effort. ☐ A higher degree of product differentiation. Higher labour productivity.

Exploring Economics
Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
Problem 7P
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Real wage The figure depicts the labour market model, which is currently at point X. In which of the following cases would the employment rate rise? X Labour Wage- supply setting curve Average product of labour, A Price-setting curve Employment, N Employed Unemployed ☐ A higher unemployment benefit. Better monitoring of employees' effort. A higher degree of product differentiation. Higher labour productivity.
Transcribed Image Text:Real wage The figure depicts the labour market model, which is currently at point X. In which of the following cases would the employment rate rise? X Labour Wage- supply setting curve Average product of labour, A Price-setting curve Employment, N Employed Unemployed ☐ A higher unemployment benefit. Better monitoring of employees' effort. A higher degree of product differentiation. Higher labour productivity.
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