The reason for the answer to question 4 is that an

5. The reason for the answer to question 4 is that an increase in the minimum wage
strengthens the ____ position in bargaining.
A. employers’. B. workers’. C. economy’s.
6. As the result of the increase in the minimum wage in question 4, the natural rate of
unemployment ____ and the natural level of output ____.
7. The actual rate of unemployment at a given point of time ____ the natural rate of
unemployment.
8. In the price-setting relation with markups, 9. The economy has 100 workers, and they produce 10A units of output. Labor
productivity is then

A. 10N. B. 10A. C. 100/A. D. 1000. E. A/10.
10. At the natural rate of unemployment,
.