Which of the following describes what economists call "involuntary unemployment"?
A) A job is available but the worker has not yet found it.
B) The level of real GDP is at or above the economy's potential output.
C) A person is willing to accept a job at the going wage rate but cannot find one.
D) A person enters the job market for the first time.
E) A person is not willing to accept an available job at the going wage rate.
Correct Answer:
Verified
Q42: Which statement by an employer is consistent
Q43: The labour market in the diagram below
Q44: Which of the following is a central
Q45: Non-market-clearing theories of unemployment emphasize wage stickiness.Wage
Q46: Wage contracts are often set for periods
Q48: In macroeconomic theories of national-income determination,short-run changes
Q49: Long-term labour contracts are an important feature
Q50: The theory of "efficiency wages" suggests that
Q51: In non-market-clearing theories of the labour market,an
Q52: "Efficiency wages" are said to exist when
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents