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In the Following Graph, S and D Represent the Supply

Question 88

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In the following graph, S and D represent the supply and demand curves respectively, in the labour market. Refer to the graph to answer the question. In the following graph, S and D represent the supply and demand curves respectively, in the labour market. Refer to the graph to answer the question.   The labour union in the market demands that workers should be paid a wage rate of £15. The resulting unemployment is called _____. A)  classical unemployment B)  structural unemployment C)  cyclical unemployment D)  frictional unemployment The labour union in the market demands that workers should be paid a wage rate of £15. The resulting unemployment is called _____.


A) classical unemployment
B) structural unemployment
C) cyclical unemployment
D) frictional unemployment

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