Question: Demand - deficient unemployment occurs when Multiple Choice a decrease in aggregate demand causes a decrease in the demand for labor, with little reduction in
Demanddeficient unemployment occurs when
Multiple Choice
a decrease in aggregate demand causes a decrease in the demand for labor, with little reduction in real wage rates.
an increase in aggregate supply reduces wage rates, causing fewer people to seek jobs.
a decrease in aggregate demand causes a decrease in wage rates, causing fewer people to seek jobs.
a decrease in aggregate supply reduces consumer demand, thereby reducing the demand for labor.
none of the other answers are correct.
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