Steel workers laid off from their jobs as the result of a recession are considered
A) seasonally unemployed. B) cyclically unemployed.
C) frictionally unemployed. D) structurally unemployed.
B
Economics
You might also like to view...
Refer to Table 4-4. Suppose that the quantity of labor supplied increases by 40,000 at each wage level. What are the new free market equilibrium hourly wage and the new equilibrium quantity of labor?
A) W = $9.50; Q = 420,000 B) W = $9.00; Q = 410,000 C) W = $8.50; Q = 400,000 D) W = $8.00; Q = 390,000
Economics
One key assumption of the classical model is
A) government spending plays a major role. B) money illusion cannot fool workers. C) wages are sticky. D) prices are sticky.
Economics