According to the Job-Rationing Explanation of Unemployment, If There Is

question 126

Multiple Choice

According to the job-rationing explanation of unemployment, if there is unemployment,

• A)the number of people employed will increase to the equilibrium level.
• B)the real wage will increase to the equilibrium level.
• C)the real wage will not fall to the equilibrium level.
• D)the real wage will fall to the equilibrium level.
• E)the number of people employed will decline to the equilibrium level.

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Definitions:

Incorporate

To include or integrate a part into a whole.

Assumptions

Beliefs or statements taken for granted without proof.

Interwoven

Integrated or blended together closely.

Tabula Rasa

A theory suggesting that individuals are born without built-in mental content and that all knowledge comes from experience or perception.