Top Posters
Since Sunday
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
joanne1718 joanne1718
wrote...
Go to Answer
Posts: 441
Rep: 0 0
5 years ago

Question 1.

What definition of unemployment would you expect classical economists to use?



▸ anyone who is actively seeking work

▸ anyone who is willing to work if the market wage increases

▸ anyone who is willing to work at the current market wage, but has not yet been able to find employment

▸ anyone who is currently not working

Question 2.

If a policy is implemented that reduces unemployment benefits by 50 percent and reduces by 50 percent the time the unemployed can collect these benefits, then this would most likely shift the



▸ labor demand curve to the left.

▸ labor supply curve to the right.

▸ labor supply curve to the left.

▸ labor demand curve to the right.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
Read 49 times
1 Reply
Replies
Answer verified by a subject expert
bli14bli14
wrote...
#1
Posts: 390
Rep: 56 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

joanne1718 Author
wrote...

5 years ago
This calls for a celebration Person Raising Both Hands in Celebration
Transonic
wrote...

Yesterday
Thanks for your help!!
Mcb
wrote...

2 hours ago
This helped my grade so much Perfect
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1254 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 184
  
 188
  
 279
Your Opinion
Do you believe in global warming?
Votes: 370
Previous poll results: Should Ph.D.'s be addressed as doctors?