What is demand-deficient unemployment? a) Unemployment due to asymmetric information on the side of the employees. b) Unemployment due to skill mismatch between supply and demand of labour. c) Unemployment due to asymmetric information on the side of the employers. d) Unemployment due to insufficient demand in the economy to maintain full employment.
What is demand-deficient unemployment? a) Unemployment due to asymmetric information on the side of the employees. b) Unemployment due to skill mismatch between supply and demand of labour. c) Unemployment due to asymmetric information on the side of the employers. d) Unemployment due to insufficient demand in the economy to maintain full employment.
Chapter15: Macroeconomic Viewpoints: New Keynesian, Monetarist, And New Classical
Section: Chapter Questions
Problem 12E
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What is demand -deficient unemployment ?
a) Unemployment due to asymmetric information on the side of the employees.
b) Unemployment due to skill mismatch between supply and demand of labour.
c) Unemployment due to asymmetric information on the side of the employers.
d) Unemployment due to insufficient demand in the economy to maintain full employment.
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