What is involuntary unemployment?2. What type of unemployment the picture speaks of? What should be done to mitigate (solve) this problem?3. What does the picture speak of? Do you think the disastrous depression during the Corona pandemic has increased the unemployment? Explain.
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Explanation:
. Involuntary unemployment occurs when a person is willing to work at the prevailing wage yet is unemployed. Involuntary unemployment is distinguished from voluntary unemployment, where workers choose not to work because their reservation wage is higher than the prevailing wage.
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