Pigou's Explanation of the Existence of Unemployment Required

question 15

Multiple Choice

Pigou's explanation of the existence of unemployment required

• A)wage "stickiness" or slowness of wages to adjust to changes in market conditions.
• B)fixed goods price or slowness of prices to adjust to changes in market conditions.
• C)Churchill's introduction of unemployment compensation.
• D)all of the above.

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Definitions:

Reactance

A psychological response where an individual feels resistant or defensive when they perceive their freedom of choice is being restricted.

Directive Approach

A therapy style where the therapist takes an active role in guiding the client towards solutions.

Sense of Freedom

A subjective feeling of liberation, autonomy, or the ability to act and make decisions without external constraints.

Unintentional Disclosure

An accidental or inadvertent sharing of confidential information without consent or authorization.