What is the opportunity cost of holding a job

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Reference no: EM13189244

Define unemployment. Should everyone who does not hold a job be considered "unemployed"? To help with your answer, draw a supply and demand diagram depicting the labor market. What is measured along the demand curve? What factors determine the quantity of labor demanded during a given period? What is measured along the labor supply curve? What factors determine the quantity of labor supplied by households during
a given period? What is the opportunity cost of holding a job?

Reference no: EM13189244

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