If imperfect information characterizes workers' behavior,then there will be a
A)slow adjustment of the demand for labor,Nd.
B)rapid adjustment of the demand for labor,Nd.
C)rapid adjustment of both the demand for labor,Nd,and the supply of labor,Ns.
D)a lagged adjustment of the equilibrium level of employment,Ns.

Question

Quizplus · Accepted Answer

Imperfect information can lead to delays in how quickly workers and employers adjust to changes in the labor market, resulting in a lagged adjustment of the equilibrium level of employment.

If Imperfect Information Characterizes Workers' Behavior,then There Will Be a