suppose a union in january 2009 negotiates with management a higher wage for its workers. the higher wage will be specified in a collective bargaining agreement that is to be in force for a period of 3 years, through january 2012. What effect will this have on unemployment (between 2009 and 2012)? Frictional unemployment will fall. Frictional unemployment will rise Structural unemployment will rise Cyclical unemployment will fall. Cyclical unemployment will rise Structural unemployment will fall
