Consider the Market-Clearing Theory of the Labour Market

question 26

Multiple Choice

Consider the market-clearing theory of the labour market.Empirical observation of employment and real-wage fluctuations over the business cycle in Canada and other developed countries

• A)is not able to refute the market-clearing theory of unemployment.
• B)refutes the theory because employment is volatile and real wages are not.
• C)refutes the theory because real wages are volatile and employment levels are not.
• D)supports the market-clearing theory that there is no involuntary unemployment.
• E)supports the market-clearing theory that labour markets always clear.

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Definitions:

Wireless Network Keys

Security codes used to access encrypted Wi-Fi networks, protecting them from unauthorized use.

Roles

Defined sets of permissions or duties assigned to users or entities in a system, determining what actions they can perform within that system.

NFC

Near Field Communication, a set of communication protocols for communication between two electronic devices over a distance of 4 cm or less.

RFID

Stands for Radio-Frequency Identification, a technology used for the wireless use of electromagnetic fields to transfer data, for the purposes of automatically identifying and tracking tags attached to objects.