In the following graph, S and D represent the supply and demand curves respectively, in the labour market. Refer to the graph to answer the question. The labour union in the market demands that workers should be paid a wage rate of £15. The resulting unemployment is called _____.
A) classical unemployment
B) structural unemployment
C) cyclical unemployment
D) frictional unemployment

Question

In the following graph, S and D represent the supply and demand curves respectively, in the labour market. Refer to the graph to answer the question.  The labour union in the market demands that workers should be paid a wage rate of £15. The resulting unemployment is called _____.
A) classical unemployment 
B) structural unemployment 
C) cyclical unemployment 
D) frictional unemployment

Quizplus · Accepted Answer

The Answer of In the following graph, S and D represent the supply and demand curves respectively, in the labour market. Refer to the graph to answer the question.  The labour union in the market demands that workers should be paid a wage rate of £15. The resulting unemployment is called _____.
A) classical unemployment 
B) structural unemployment 
C) cyclical unemployment 
D) frictional unemployment

In the Following Graph, S and D Represent the Supply