People Who Are Unemployed Because Wages Are,for Some Reason,set Above

question 92

Multiple Choice

People who are unemployed because wages are,for some reason,set above the level that brings labor supply and demand into equilibrium are best classified as

• A)cyclically unemployed.
• B)structurally unemployed.
• C)frictionally unemployed.
• D)discouraged workers.

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Definitions:

Production Career Path

A sequence of job positions in the field of production, focusing on creating goods or overseeing the manufacturing process.

Oregon Vocational Interest Scales

A psychometric instrument designed to assess an individual's vocational interests across various occupational fields.

Erudition

Gaining knowledge on many topics.

Knowledge

Information, understanding, and skills that individuals acquire through experience, education, or training.