The tightness of the labor market is defined as: number of employed worker per filled job number of vacant jobs per employed worker number of vacant jobs per unemployed worker number of unemployed workers per vacant job

The tightness of the labor market is defined as: number of employed worker per filled job number of vacant jobs per employed worker number of vacant jobs per unemployed worker number of unemployed workers per vacant job

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The tightness of the labor market is defined as:
number of employed worker per filled job
number of vacant jobs per employed worker
number of vacant jobs per unemployed worker
number of unemployed workers per vacant job

Expert Solution

Step 1

Introduction

The labor market, also known as the job market, refers to the supply of and demand for labor, in which employees provide the supply and employers provide the demand.

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