Which of the Following Is a Main Argument of Market-Clearing

question 59

Multiple Choice

Which of the following is a main argument of market-clearing theories of the labour market?

• A)Competitive labour markets can be relied upon to eliminate all unemployment.
• B)Labour markets will clear and involuntary unemployment will thereby be eliminated.
• C)All unemployment is most easily corrected by government intervention in the economy.
• D)All unemployment arises from firms being unwilling to demand labour services.
• E)Labour unions are necessary elements in reducing unemployment.

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