According to the Classical Model,if There Are Too Many Elementary

question 193

Multiple Choice

According to the classical model,if there are too many elementary school teachers in the labor market,

• A) the government should institute a retraining program to give the unemployed teachers new job skills
• B) the wages for elementary teachers will fall,eventually causing the number of excess teachers to shrink
• C) the wage for elementary teachers will increase for those who are employed,but unemployment of teachers will remain high
• D) this situation provides an example of cyclical unemployment,which often occurs in the long run
• E) people will quit training to become elementary school teachers and soon there will be a shortage in this labor market

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Automated Teller Machine

An electronic banking machine that allows customers to complete basic transactions without the need for a branch representative.

Information Access

The ability or the right to obtain and use information, typically emphasizing ease or barriers to entry in the context of technology or data.

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The process of collecting, managing, and investing a company's cash flow in a way that optimizes its financial stability and profitability.

Investment

The process of distributing funds with the aim of earning returns or profits.