How Can There Be Unemployment in a Market Clearing Model

question 59

Essay

How can there be unemployment in a market clearing model?

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Definitions:

Structured Interviews

Interviews wherein a predetermined checklist of questions usually asked of all applicants is used.

Unstructured

A flexible approach or method that lacks a predefined format, often leading to improvised or spontaneous outcomes.

Reliable

The quality of being consistently good in quality or performance, able to be trusted.

Validity

A key attribute of a selection device that indicates its accuracy and relationship to job-relevant criteria.