After an Increase in the Demand for Construction Workers, the Market

question 217

Multiple Choice

After an increase in the demand for construction workers, the market will attain its new long-run equilibrium faster if

• A) wages are flexible.
• B) wages are inflexible, forcing new people to enter the market.
• C) unions restrict the number of new construction workers.
• D) people ignore the shortage in the short run.

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Definitions:

Family Stressors

Family stressors refer to pressures or challenges that arise within the family unit, impacting its members' emotional well-being and relationships.

Work-Family Conflict

refers to the tension arising from incompatible demands between work and family roles, impacting the individual’s ability to fulfill responsibilities in both areas.

Time Spent

Refers to the duration or period during which an individual engages in a specific activity or task.

Life Stressors

These are events or conditions in one's life that cause stress, ranging from daily hassles to significant life changes or challenges.