Multiple Choice
One possible explanation for the existence of unemployment is:
A) that the wage does not adjust immediately to changes in labor demand.
B) the quantity of labor is sticky downward and does not adjust to an increase in wages.
C) the labor market is perfectly competitive.
D) labor supply always shifts in such a way as to lead to unemployment.
Correct Answer:

Verified
Correct Answer:
Verified
Q94: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5231/.jpg" alt=" Figure 15.2 -Refer
Q95: Say's Law states that:<br>A) people are motivated
Q96: How can a government policy be used
Q97: Which of the following curves is illustrated
Q98: When an incumbent politician uses expansionary fiscal
Q100: The wage- price spiral occurs when:<br>A) the
Q101: Recall Application 3, "Increasing Health-Care Expenditures and
Q102: According to Say's law:<br>A) because households save
Q103: If the economy is producing at a
Q104: In the long run, the level of