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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: 18iq 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 the market clearing wage rate in Country A decreases, what is most likely to happen to the number of voluntarily unemployed people and the number of officially unemployed people? ▸ The number of voluntarily unemployed people would stay the same, and the number of officially unemployed people would increase. ▸ The number of voluntarily unemployed people would increase, and the number of officially unemployed people would decrease. ▸ The number of voluntarily unemployed people would decrease, and the number of officially unemployed people would increase. ▸ Both numbers would increase. Title: Scenario: Consider Country A with a population of 2 million people. In Country A, there are 1.5 ... Post by: jasm on Dec 27, 2022 Content hidden
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