The insider-outsider model refers to
A)policy making in White House
B)the fact that the unemployed do not take part in collective bargaining
C)the fact that wages do not respond significantly to changes in the unemployment rate
D)slow price adjustments in an imperfectly competitive business environment
E)both B and C

Question

Quizplus · Accepted Answer

The insider-outsider model refers to the fact that those who are employed (insiders) have more bargaining power and job security than those who are unemployed (outsiders), which means that the unemployed do not take part in collective bargaining and wages do not respond significantly to changes in the unemployment rate.

The Insider-Outsider Model Refers to