Involuntary unemployment occurs when wage rates are too low,i.e.,below competitive levels.
Correct Answer:
Verified
Q62: Which of the following factors in an
Q63: Frictional unemploymentrefers to persons who are unemployed
Q64: Frictional unemployment is a long-run event for
Q65: An equilibrium level of national income implies
Q66: Cyclical unemployment occurs because workers have no
Q68: Structural unemployment results from people changing jobs.
Q69: A useful measure of the size of
Q70: The unemployment rate is the same for
Q71: Cyclical unemployment is due primarily to a
Q72: Frictional unemployment is involuntary.
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