If Labour Markets Had Perfectly Flexible Wages, as the New

question 75

Multiple Choice

If labour markets had perfectly flexible wages, as the New Classical theories suggest, involuntary unemployment would

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

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Definitions:

Praise

The act of expressing approval or admiration for someone's achievements or qualities.

Training Initiatives

Programs or projects undertaken by organizations to develop the skills and competencies of their employees, often with specific objectives and outcomes in mind.

Organizational Strategy

A planned course of action designed to achieve the long-term goals and objectives of an organization.

Negative Consequences

Undesirable outcomes that result from an action or lack thereof.