In the classical view, flexible wage rates would assure
A) low inflation.
B) high rates of unemployment.
C) high secular inflation rates.
D) full employment.
Question 2
Collin has lost his job with a telemarketing company, which has moved its operation to India. Collin is considered
A) structurally unemployed.
B) frictionally unemployed.
C) seasonally unemployed.
D) a discouraged worker.