This situation is an example of a job surplus. A job surplus occurs when there are more candidates (in this case, 20 recent graduates) than the number of available positions (2 teaching jobs), indicating that there are more job seekers than jobs available.
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Question
Suppose a school needs to hire 2 new teachers, but there are 20 recent college graduates hoping to get a teaching job at that school. What is this an example of?
(1 point)
Responses
job surplus
job surplus
job shortage
job shortage
economy
economy
expectation
1 answer