Which of the Following Is Not Adequately Explained by the Labor-Supply-And-Demand

question 177

Multiple Choice

Which of the following is not adequately explained by the labor-supply-and-demand model?

• A)The increase in the employed labor force during economic expansions
• B)The effect of lower wages on the incentive for firms to hire more people
• C)Why there is always some unemployment
• D)Why real wages rise during economic expansions
• E)The effect of higher wages on the incentive for people to work more hours

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Definitions:

Characteristics

Traits or attributes that distinguish an individual, group, or thing from others.

Leader-member Exchanges

The quality of the relationship and interaction between leaders and their followers, impacting organizational dynamics.

Organizational Benefits

Advantages or gains that an organization receives, which can include increased efficiency, higher employee satisfaction, or improved public image.

In-group Relationships

Connections within a group where members identify and support one another, often contrasting with those outside the group.