According to the classical economists, those who are not working A) are unable to find a job at the current wage rate. B) have chosen not to work at the market wage. C) are too productive to be hired at the current wage. D) have given up looking for a job but would accept a job at the current wage if one were offered to them.
According to the classical economists, those who are not working A) are unable to find a job at the current wage rate. B) have chosen not to work at the market wage. C) are too productive to be hired at the current wage. D) have given up looking for a job but would accept a job at the current wage if one were offered to them.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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According to the classical economists, those who are not working
A) are unable to find a job at the current wage rate.
B) have chosen not to work at the market wage.
C) are too productive to be hired at the current wage.
D) have given up looking for a job but would accept a job at the current wage if one were offered to them.
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