According to conservative economists, involuntary unemployment
A) does not exist.
B) should be imposed on those unwilling to work.
C) occurs during an economic expansion.
D) could be eliminated by effective government programs.

Question

Quizplus · Accepted Answer

Conservative economists generally believe in the efficiency of markets and that unemployment is a result of individual choices and market conditions rather than systemic issues. Therefore, they may deny the existence of involuntary unemployment, arguing that individuals can always find work if they are willing to lower their wage expectations or relocate to areas with better job prospects.

According to Conservative Economists, Involuntary Unemployment