According to classical economists involuntary unemploymenta, Ask an Expert

Economics

According to Classical economists, involuntary unemployment

A. Occurs when the wage rate is below the equilibrium wage rate

B. Exists when there is an excess quantity of labor supplied

C. Will increase as the wage rate falls

D. Exists when there is a shortage of labor

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91235455

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question you have been shopping around for a student loan

Question: You have been shopping around for a student loan and you have seen some wide variance between interest rates. You need to borrow $30,000 for 4 years. A loan from your local bank comes with 7% per year interest, ...

Question the dalai lama is an inspirational figure to

Question: The Dalai Lama is an inspirational figure to millions who incur substantial travel and time costs to attend his lectures and absorb his wisdom. When he won the Nobel Peace Prize in 1989, he gave most of the mon ...

Qestion 1 an individual utility function is given by uch

Question: 1) An individual utility function is given by U(c,h) = c·h, where c represents consumption during a typical day and h hours of leisure enjoyed during that day. Let l be the hours of work during a day, then l + ...

Question jana enjoys traveling with her family as a result

Question: Jana enjoys traveling with her family. As a result, she has a strong preference for a job that provides a substantial number of paid vacation days. Her current job gives her 15 days of paid vacation and her ann ...

Question you run a tutoring service for economics students

Question: You run a tutoring service for economics students. On half of all days the demand for your service is high, with Q H = 10 - 0.2P Q H is the number of hours you will work if you choose price P. On the remainin ...

Quesiton the catch-phrase of the eitc is make work pay to

Quesiton: The catch-phrase of the EITC is "Make work pay." To what extent does the EITC achieve its goal of encouraging work among low-income individuals? Are the results in line with predictions from economic theory? Ca ...

Question - based on the harvard business review article

Question - Based on the Harvard business review article titled - A Payment Model That Prevents Unnecessary Medical Treatment answer the following questions: You are 64 years old and have been diagnosed with advanced arth ...

Question a local business owner tells you economics is

Question: A local business owner tells you economics is wrong because people do not respond to incentives. She tells you that she increased all of her employees' pay by 10 percent and they did not work any harder. Is her ...

Question suppose that no amount of other goods can

Question: Suppose that no amount of other goods can compensate for a loss in health. How would the individual's indifference curves look? Is this a reasonable assumption in terms of what we actually see taking place? The ...

Question answer these three questions about early-stage

Question: Answer these three questions about early-stage corporate finance: a. Why do very small companies tend to raise money from private investors instead of through an IPO? b. Why do small, young companies often pref ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert