Multiple Choice
Which of the following is not a common cause of disequilibrium unemployment?
A) The economy falls into a recession, leading to a fall in consumer demand.
B) Trade unions use their monopoly power to drive wages above the market- clearing level.
C) Inflation forces employers to pay wages above the market- clearing level.
D) More labour is coming to the market but fails to meet the demand.
Correct Answer:
Verified
Correct Answer:
Verified
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