Which of the Following Statements Is (Are)correct? in the Insider/outsider

question 43

Multiple Choice

Which of the following statements is (are) correct? In the insider/outsider model there is

• A)unemployment due to the real wage being set above the market clearing level.
• B)cyclical unemployment in response to changes in aggregate demand.
• C)structural unemployment in response to hysteresis.
• D)Both a and b
• E)all of the above

---

Definitions:

Abandoned Property

refers to assets left by an owner who has no intention of returning to claim ownership.

Real Property

An area of law that deals with land and anything permanently affixed to the land, like buildings, which has stark distinctions from personal property.

Personal Property

Personal property is a category of property that includes movable items and possessions, as opposed to real property such as land or buildings.

Fixture

A thing that was originally personal property and that has been actually or constructively affixed to the soil itself or to some structure legally a part of the land.