In Non-Market-Clearing Theories of the Labour Market,an Important Explanation for the Existence

question 74

Multiple Choice

In non-market-clearing theories of the labour market,an important explanation for the existence of involuntary unemployment is that labour markets exhibit

• A)an elastic labour demand curve.
• B)perfectly flexible wages.
• C)rigid or sticky wages.
• D)unshifting labour demand.
• E)unshifting labour supply.

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Definitions:

Autonomic Nerves

Nerves that control involuntary functions in the body, such as heart rate, digestion, and respiratory rate.

Peripheral Nervous System

That part of the nervous system that lies outside the brain and spinal cord, which includes the nerves that extend to the limbs, organs, and the body's periphery.

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, responsible for processing and sending out information throughout the body.

Endocrine System

A system of glands that secrete hormones into the bloodstream, regulating processes such as growth, metabolism, and mood.