Which of the following statements is correct regarding involuntary unemployment?        When there is no involuntary unemployment, firms must be employing workers without ever dismissing them.      When a firm sacks a worker against her wishes but she can get another job immediately, there is involuntary unemployment.      When there is involuntary unemployment, the employment rent is zero.      There must be involuntary unemployment in an efficiency wage equilibrium

Economics: Private and Public Choice (MindTap Course List)
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ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter25: The Supply Of And Demand For Productive Resources
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Which of the following statements is correct regarding involuntary unemployment?

 

    
When there is no involuntary unemployment, firms must be employing workers without ever dismissing them.

    
When a firm sacks a worker against her wishes but she can get another job immediately, there is involuntary unemployment.

    
When there is involuntary unemployment, the employment rent is zero.

    
There must be involuntary unemployment in an efficiency wage equilibrium.

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