According to the Job-Rationing Explanation of Unemployment

question 13

Multiple Choice

According to the job-rationing explanation of unemployment,

• A)there is an excess supply of labor at the prevailing wage.
• B)the prevailing wage is higher than the equilibrium wage.
• C)the amount employed depends on the demand for labor at the prevailing wage.
• D)All of these
• E)None of these

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Definitions:

FileNotFoundException

An exception thrown by a computer program when it attempts to access or open a file that does not exist.

IOException

IOException stands for Input/Output Exception, and it is a class in Java that handles errors related to input and output operations, such as reading from or writing to files.

Operating System

A software that manages computer hardware, software resources, and provides common services for computer programs.

Output Stream

In programming, it refers to a channel that conveys data from a program to a destination, which can be a file, a console, or a network socket.