Unemployment means that:
A. People are not willing to work at the going wage rate.
B. At the going wage rate, there are people who want to work but cannot find work.
C. There are some people who will not work at the going wage rate.
D. There is excess demand in the labour market.
Answer:A
Unemployment means that:
A. People are not willing to work at the going wage rate. B. At the going wage rate, there are people who want to work but cannot find work. C. There are some people who will not work at the going wage rate. D. There is excess demand in the labour market.
Explanation: 24. The circular flow of goods and incomes shows the relationship between: