a-explain the existence in involuntary unemployment in the labor market withEfficiency Wage Theory. b-employment level that...

a-explain the existence in involuntary unemployment in the labor market withEfficiency Wage Theory.

b-employment level that you found same at the full employment level indicated in classical labor market theory

c- ın keynesyen theory ıf consumers and ınvestor be possimist what would be effect on output ınterest rate and price level? Distinguish between the short run and the long run effects by using the IS-LM-FE and AD-AS models and the effective labor demand theory.

Expert Solution

involuntary unemployment occurs when a person is willing to work at existing market wage rate but is unemployed.

Rahul Sunny answered 2 years ago

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