When there is unemployment there is an excess supply of workers. Describe how microeconomic theory explains the response to this phenomenon.

Name: When there is unemployment there is an excess supply of workers. Describe how microeconomic theory explains the response to this phenomenon.
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The Answer of When there is unemployment there is an excess supply of workers. Describe how microeconomic theory explains the response to this phenomenon.

When There Is Unemployment There Is an Excess Supply of Workers