Which of the following causes of unemployment is not associated with a wage rate above the market equilibrium level?
A)efficiency wages
B)job search
C)minimum-wage laws
D)unions

Question

Quizplus · Accepted Answer

Job search is not associated with a wage rate above the market equilibrium level. Job search is a process by which workers who are unemployed actively seek employment at the prevailing wage rate. This means that they are willing to work for the market wage rate, or even lower, depending on their skills and qualifications. Job search occurs when there is a mismatch between the skills of workers and the available jobs, or when there are other frictions in the labor market such as geographic or informational barriers.

Which of the Following Causes of Unemployment Is Not Associated