If there is too little demand for labor, wages typically fall or unemployment occurs, which theoretically encourages employers to hire more labor and bring employment levels back up.

Authors

• Person: Not available Organization: Nicolet College
  Systemic or “Macro” Factors that Affect Financial Thinking

Sources

• Systemic or “Macro” Factors that Affect Financial Thinking nicoletcollege.pressbooks.pub Nicolet College via serper

Referenced by nodes (2)

• labor concept
• unemployment concept