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gringoboy6 gringoboy6
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A year ago
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.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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hhortonhhorton
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A year ago
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gringoboy6 Author
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A year ago
Smart ... Thanks!
bkrandy
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Yesterday
Brilliant ツ
mcraver1
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2 hours ago
This site is awesome
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