According to the Job-Rationing Explanation of Unemployment

question 147

Multiple Choice

According to the job-rationing explanation of unemployment,

• A)the amount employed depends on the supply of labor.
• B)the actual wage is less than the equilibrium wage.
• C)the amount employed depends on the demand for labor.
• D)the demand for labor is greater than the equilibrium amount.
• E)the supply of labor is less than the demand for labor.

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Definitions:

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