Which of the Following Is Not Adequately Explained by the Labor-Supply-And-Demand

question 124

Multiple Choice

Which of the following is not adequately explained by the labor-supply-and-demand model?

• A)The increase in the employed labor force during economic expansions
• B)The effect of lower wages on the incentive for firms to hire more people
• C)Why there is unemployment
• D)Why real wages rise during economic expansions
• E)The effect of higher wages on the incentive for people to work more hours

---

Definitions:

Actual Malice

A legal standard used to prove that a false statement was made with knowledge of its falsity or with reckless disregard for the truth, particularly in defamation cases.

Reckless Disregard

A conscious indifference to the rights or safety of others that represents a significant deviation from reasonable conduct.

Knowledge of Falsity

Pertains to the awareness that a particular statement or claim is false.

Fundamental Right

A right considered to be essential for the liberty or well-being of individuals, often protected by law.