Unemployment implies that in the labour market O A. there is an excess supply of labour. O B. there is an excess demand for labour. there are too few workers for the jobs available. O D. quantity demanded of labour exceeds quantity supplied

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter5: Elasticity
Section: Chapter Questions
Problem 40P: Assume that the supply of law-skilled worker is fairly elastic, but the employers demand for such...
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Unemployment implies that in the labour market
O A.
there is an excess supply of labour.
O B.
there is an excess demand for labour.
there are too few workers for the jobs available.
OD.
P quantity demanded of labour exceeds quantity supplied
rime periog:
W
Transcribed Image Text:Unemployment implies that in the labour market O A. there is an excess supply of labour. O B. there is an excess demand for labour. there are too few workers for the jobs available. OD. P quantity demanded of labour exceeds quantity supplied rime periog: W
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