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Author Question: Unemployment implies that in the labor market (Read 35 times)

geodog55

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Question 1

Unemployment means that


◦ at the going wage rate, there are people who want to work but cannot find work.
◦ people are not willing to work at the going wage rate.
◦ there are some people who will not work at the going wage rate.
◦ there is excess demand in the labor market.

Question 2

Unemployment implies that in the labor market


◦ there is an excess supply of labor.
◦ there is an excess demand for labor.
◦ there are too few workers for the jobs available.
◦ quantity demanded of labor exceeds quantity supplied.


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Marked as best answer by geodog55 on Apr 19, 2019

lkanara2

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geodog55

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TY



lkanara2

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You're welcome



 

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