Structural unemployment occurs because A. it takes time for workers to search for the jobs that best suit their tastes and skills. B. minimum wage laws force the wages to remain above their equilibrium levels. C. some people are economically inactive. D. the number of jobs available in some labour markets is insufficient to provide a job for everyone who wants one.
Structural unemployment occurs because A. it takes time for workers to search for the jobs that best suit their tastes and skills. B. minimum wage laws force the wages to remain above their equilibrium levels. C. some people are economically inactive. D. the number of jobs available in some labour markets is insufficient to provide a job for everyone who wants one.
Chapter7: Unemployment And Inflation
Section: Chapter Questions
Problem 1.2P
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9. Structural
A. it takes time for workers to search for the jobs that best suit their tastes and skills.
B. minimum wage laws force the wages to remain above their equilibrium levels.
C. some people are economically inactive.
D. the number of jobs available in some labour markets is insufficient to provide a
job for everyone who wants one.
PROVIDE A BRIEF WRITTEN EXPLANATION
JUSTIFYING YOUR CHOICE.
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