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Questions
What is involuntary unemployment?
Give the meaning of involuntary unemployment
Solution
Involuntary unemployment is an unemployment situation where people have the willingness to work at the existing wage rate but do not get work.
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Voluntary Unemployment and Involuntary Unemployment
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RELATED QUESTIONS
Who is the author of the book ‘General Theory of Employment, Interest, and Money’?
The deficiency of aggregate demand during depression period leads to ______.
Match the following
| A | A person who is actually engaged in some economic activity is a | 1 | Unemployed |
| B | A person who is neither looking for a work nor working is a | 2 | Worker |
| C | A person who is looking for a suitable job as per his abilities but is not finding one is | 3 | Non-worker |
Identify the correctly matched pair from Column A to that of Column B:
| Column A | Column B | ||
| 1 | Deflationary Gap | (a) | Selling of government securities |
| 2 | Deficient Demand | (b) | AD > AS (at full employment level) |
| 3 | Regulating interest rate and availability of credit | (c) | Monetary Policy |
| 4 | Voluntary unemployment | (d) | Corrected when AD=AS |
