What economists sometimes call "voluntary unemployment" occurs when
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 worker enters the job market for the first time.
E) a worker is not willing to accept an available job at the going wage rate.
Correct Answer:
Verified
Q22: If,as market-clearing theories of the labour market
Q23: Market-clearing theories of the labour market suggest
Q36: The table below provides hypothetical unemployment,employment,and labour
Q38: The table below provides hypothetical unemployment,employment,and labour
Q39: Empirical observation of employment and real-wage fluctuations
Q41: The market-clearing and non-market-clearing theories of unemployment
Q42: Which statement by an employer is consistent
Q45: The labour market in the diagram below
Q46: Wage contracts are often set for periods
Q59: Non-market-clearing theories of the labour market feature
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