In the Austrian View,
in a market economy without government intervention, if there is an
unusually large number of unemployed workers looking for a job
without success
Select one:
a. The market wage rate will increase, giving an incentive to
many of the workers to accept a new job, and as a result, the labor
market will clear rather quickly.
b. The situation will last for a long time, because of the
downward stickiness of the wage rate, unless the...