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30.10.2022 20:55
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What effect might a high unemployment rate have on the wages of americans who still
What effect might a high unemployment rate have on the wages of americans who still had jobs?
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gugu1004
4,7(73 marks)
The wages of people who still have jobs would go down because a high unemployment rate means that there are more workers than needed, and accordingly, the price paid to the workers (the wages) reduces until reaching a new equilibrium that matches the labor needs of the firms.
gui00g7888888888888
4,7(68 marks)
I dont know the answer but hows yalls day going
Ty
Explanation:Im sad inside
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