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Unformatted text preview: seeking employment. Demand for the goods or services of the employer must be giving a producing a need for a certain number of workers and employers will continue to hire as long as profits call for it. The opportunity cost of a job has to do with value of working over the value of leisure. 3. Keeping the economy turning is the big goal and when unemployment rates get to low then there is a reason for and job creation and company growth are at a standstill. 4. The output per worker is increasing thus causing a rise in productivity with fewer workers....
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This note was uploaded on 02/07/2011 for the course ECO 202 taught by Professor Adkins during the Spring '09 term at KCTCS.
- Spring '09