Question

what is unemployment?should evryone who does not hold a job be consider"unemployed"? to help with your answer draw a supply and demand diagram depicting the labour market. what is measured along the demand curve?what factors determine the quantity of labour demanded during a given period? what is measured along the labour supply curve? what factors determine the quantity of labour supplied by households during a given period? what is opportunity cost of holding a job?

Answer 1

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