If Labour Markets Had Perfectly Flexible Wages,as the Market-Clearing Theories

question 60

Multiple Choice

If labour markets had perfectly flexible wages,as the market-clearing theories suggest,involuntary unemployment would

• A)not exist.
• B)rise when the labour demand curve shifts to the left.
• C)rise when the labour demand curve shifts to the right.
• D)rise when the labour supply curve shifts to the left.
• E)rise when the labour supply curve shifts to the right.

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Definitions:

Radius

The distance from the center of a circle to any point on its circumference.

Center

In geometry, the central point of a circle or sphere, equidistant from all points on the perimeter or surface.

Radius

A line segment from the center of a circle to any point on its circumference, or the length of this segment.

Equation

A mathematical statement that asserts the equality of two expressions.