What economists call "involuntary unemployment" occurs when
A) the level of real GDP is at or above the economy's potential output.
B) a person enters the job market for the first time.
C) a person is not willing to accept an available job at the going wage rate.
D) a job is available but the worker has not yet found it.
E) a person is willing to accept a job at the going wage rate but cannot find one.
Correct Answer:
Verified
Q82: Many economists believe that long- run economic
Q83: When the growth rate of the labour
Q84: Involuntary unemployment in a labour market is
Q85: The New Keynesian and New Classical theories
Q86: A decrease in the share of the
Q88: Suppose the Canadian government implements a new
Q89: If the actual unemployment rate is equal
Q90: In some European countries, labour- market policies
Q91: Which of the following would be the
Q92: When aggregate output is less than potential
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