This situation is an example of a job surplus. In this case, there are more candidates (20 recent college graduates) than there are positions available (2 teaching jobs), indicating that there is a surplus of applicants for the available jobs.
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?
job surplus
job shortage
economy
expectation
1 answer