Link the below reasons for the existence of unemployment (left) with the relevant type of unemployment and unemployment theory (right): Job seekers need time to learn about and find available jobs. This explains why unemployment and job vacancies are observed to coexist. [Choose] Unemployed job seekers might [Choose ] not have the skills in demand by employers. With procyclical wages & [Choose ] positive wage elasticity of labour supply, some workers might voluntarily stop working during a recession. Workers who are risk averse might prefer a job package with [stable income & variable hours] over one with [stable hours & variable income]. As a result, employers lay off workers during a recession rather than reduce wages of all their workers. [Choose ]
Link the below reasons for the existence of unemployment (left) with the relevant type of unemployment and unemployment theory (right): Job seekers need time to learn about and find available jobs. This explains why unemployment and job vacancies are observed to coexist. [Choose] Unemployed job seekers might [Choose ] not have the skills in demand by employers. With procyclical wages & [Choose ] positive wage elasticity of labour supply, some workers might voluntarily stop working during a recession. Workers who are risk averse might prefer a job package with [stable income & variable hours] over one with [stable hours & variable income]. As a result, employers lay off workers during a recession rather than reduce wages of all their workers. [Choose ]
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Link the below reasons for the existence of unemployment (left) with the relevant type of unemployment and unemployment theory (right):
1. Job seekers need time to learn about and find available jobs.
This explains why unemployment and job vacancies are observed to coexist.
a. Frictional unemployment the Job search model.
b. Structural unemployment efficiency wage theory.
c. Seasonal unemployment seasonal variation in the demand for workers (in certain sectors).
d. Cyclical & seasonal unemployment reasons for downward wage rigidity.
e. Cyclical unemployment the Job search model.
f. Structural unemployment the Sectoral Shifts hypothesis.
g. Cyclical unemployment Intertemporal Substitution hypothesis.
2. Unemployed job seekers might not have the skills in demand by employers.
a. Frictional unemployment the Job search model.
b. Structural unemployment efficiency wage theory.
c. Seasonal unemployment seasonal variation in the demand for workers (in certain sectors).
d. Cyclical & seasonal unemployment reasons for downward wage rigidity.
e. Cyclical unemployment the Job search model.
f. Structural unemployment the Sectoral Shifts hypothesis.
g. Cyclical unemployment Intertemporal Substitution hypothesis.
3. With procyclical wages & positive wage elasticity of labour supply, some workers might voluntarily stop working during a recession.
a. Frictional unemployment the Job search model.
b. Structural unemployment efficiency wage theory.
c. Seasonal unemployment seasonal variation in the demand for workers (in certain sectors).
d. Cyclical & seasonal unemployment reasons for downward wage rigidity.
e. Cyclical unemployment the Job search model.
f. Structural unemployment the Sectoral Shifts hypothesis.
g. Cyclical unemployment Intertemporal Substitution hypothesis.
4. Workers who are risk averse might prefer a job package with [stable income & variable hours] over one with [stable hours & variable income]. As a result, employers lay off workers during a recession rather than reduce wages of all their workers.
a. Frictional unemployment the Job search model.
b. Structural unemployment efficiency wage theory.
c. Seasonal unemployment seasonal variation in the demand for workers (in certain sectors).
d. Cyclical & seasonal unemployment reasons for downward wage rigidity.
e. Cyclical unemployment the Job search model.
f. Structural unemployment the Sectoral Shifts hypothesis.
g. Cyclical unemployment Intertemporal Substitution hypothesis.
![Link the below reasons for the existence of unemployment (left) with the
relevant type of unemployment and unemployment theory (right):
Job seekers need time to learn
about and find available jobs.
This explains why
unemployment and job
vacancies are observed to
coexist.
[Choose]
Unemployed job seekers might
[Choose ]
not have the skills in demand by
employers.
With procyclical wages &
[Choose ]
positive wage elasticity of labour
supply, some workers might
voluntarily stop working during a
recession.
Workers who are risk averse
might prefer a job package with
[stable income & variable hours]
over one with [stable hours &
variable income]. As a result,
employers lay off workers during
a recession rather than reduce
wages of all their workers.
[Choose ]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F03256047-c4d6-4acb-b3bb-18185f2c131a%2Fd9693350-b943-4f4c-8da1-f6f733220087%2F8acwnas_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Link the below reasons for the existence of unemployment (left) with the
relevant type of unemployment and unemployment theory (right):
Job seekers need time to learn
about and find available jobs.
This explains why
unemployment and job
vacancies are observed to
coexist.
[Choose]
Unemployed job seekers might
[Choose ]
not have the skills in demand by
employers.
With procyclical wages &
[Choose ]
positive wage elasticity of labour
supply, some workers might
voluntarily stop working during a
recession.
Workers who are risk averse
might prefer a job package with
[stable income & variable hours]
over one with [stable hours &
variable income]. As a result,
employers lay off workers during
a recession rather than reduce
wages of all their workers.
[Choose ]
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education