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.
Chapter1: Making Economics Decisions
Section: Chapter Questions
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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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