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Title: Scenario: Consider Country A with a population of 2 million people. In Country A, there are 1.5 ... Post by: gringoboy6 on Dec 27, 2022 Scenario: Consider Country A with a population of 2 million people. In Country A, there are 1.5 million people employed; 0.3 million younger than 18, in school or retired; 0.1 million voluntarily unemployed; and 0.1 million people officially unemployed.
Refer to the scenario above. If country A is at a labor market equilibrium, which of the following should be the only reason that a person is officially unemployed? ▸ The person is in school and chooses not to work. ▸ There is imperfect information between employers and workers, so the person is not able to find a job. ▸ The person is retired. ▸ The person is not willing to work at the market clearing wage rate. Title: Scenario: Consider Country A with a population of 2 million people. In Country A, there are 1.5 ... Post by: hhorton on Dec 27, 2022 Content hidden
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