If Labour Markets Had Perfectly Flexible Wages,as the Market-Clearing Theories

question 60

Multiple Choice

If labour markets had perfectly flexible wages,as the market-clearing theories suggest,involuntary unemployment would

• A)not exist.
• B)rise when the labour demand curve shifts to the left.
• C)rise when the labour demand curve shifts to the right.
• D)rise when the labour supply curve shifts to the left.
• E)rise when the labour supply curve shifts to the right.

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Definitions:

Extravagant Spending

Utilizing money in an excessive or lavish way without considering future needs or financial limitations.

Feeding Herself

The ability of an individual, typically a child, to eat or drink independently without assistance.

Episodic Memory

Long-term memory of specific experiences or events, linked to time and place.

Procedural

Related to or involving a specific procedure or method of doing something, often within a legal or organizational context.