When unemployment is low,
A) jobs are hard to find.
B) employers compete against many other employers for new workers.
C) workers compete against many other unemployed workers.
D) employers have an advantage in bargaining over wages.
E) employers can choose from a large number of applicants for a job.

Question

Quizplus · Accepted Answer

When unemployment is low, the number of available workers decreases, leading employers to compete more aggressively to attract new employees. This competition can involve offering higher wages, better benefits, or other incentives.

When Unemployment Is Low