Which of the following is said to exist when people who are willing to work at the going wages cannot find jobs?

Development

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Growth

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Unemployment

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Employment

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Solution

The correct option is C
Unemployment

Unemployment signifies a situation in which involuntary unemployment exists. Persons, who do not like to work or are not fit for work, are not counted as unemployed.

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Similar questions

Q11. Consider the following statements about unemployment:

1. Cyclical unemployment occurs when there is not enough aggregate demand in the economy to provide jobs for everyone who wants to work.

2. Frictional unemployment occurs when people change from one to another and remain unemployed during this interval period.

Which of the above statements is/are correct?

26. Consider the following statements about unemployment

1. Cyclical unemployment occurs when there is not enough aggregate demand in the economy to provide jobs for everyone who wants to work.

2. Frictional unemployment occurs when people change from one job to another and remain unemployed during this interval period.

Which of the above statements is/are correct?

Unemployment which occurs when people are not able to find jobs during a particular period of time is known as

___ refers to a situation when a person who is willing and able to do work at existing wage rate but do not get work.

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