In the Following Graph, S and D Represent the Supply

question 88

Multiple Choice

In the following graph, S and D represent the supply and demand curves respectively, in the labour market. Refer to the graph to answer the question. The labour union in the market demands that workers should be paid a wage rate of £15. The resulting unemployment is called _____.

• A) classical unemployment
• B) structural unemployment
• C) cyclical unemployment
• D) frictional unemployment

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Definitions:

Rejection Sensitivity

An individual's disposition to anxiously expect, readily perceive, and intensely react to rejection.

Dispositional Contempt

A personality trait that predisposes an individual to feel contempt, a mix of anger and disgust, toward others as a default response.

Obsessive-Compulsiveness

Refers to a psychological condition characterized by intrusive thoughts (obsessions) and repetitive behaviors (compulsions) aimed at reducing anxiety.

Dispositional Contempt

An attitude or feeling of disdain or scorn towards others, typically viewed as a stable personality trait.