One Possible Explanation for the Existence of Unemployment Is

question 99

Multiple Choice

One possible explanation for the existence of unemployment is:

• A) that the wage does not adjust immediately to changes in labor demand.
• B) the quantity of labor is sticky downward and does not adjust to an increase in wages.
• C) the labor market is perfectly competitive.
• D) labor supply always shifts in such a way as to lead to unemployment.

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Definitions:

Hunger Pangs

Sensations of discomfort or weakness caused by the need for food.

Satiety

The state of being satisfied; fullness.

James And Lange

Theorists who proposed an emotion theory suggesting physiological arousal precedes the experience of emotion.

Cognitive Representations

Mental models or mental images that individuals form about objects, events, or people, based on their knowledge and experiences, which guide their interactions with the external world.